Bourses advance with upbeat note

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Thursday as investors are action on sector-wise issues amid ongoing dividend declaration session.

Following the previous three days’ downturn, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw positive trend at opening, but trading activities remains low.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 36 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 48 points at 10:45am.

After 30 minutes of trading, the DSEX gained nearly 30 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 46 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 29.68 points or 0.54 per cent to reach at 5,518 points at 11:00am.

The two other indices also saw positive trend till then. The DS30 index, comprising blue chips, advanced 11.39 points or 0.55 per cent to reach at 2,066 points.

The DSE Shariah Index (DSES) gained 3.93 points or 0.30 per cent to reach at 1,301 points till then.

Turnover, the important indicator of the market, stood at Tk 280 million when the report was filed at 11:00am.

Of the issues traded till then, 147 advanced, 33 declined and 45 remained unchanged.

Beximco was the most traded stocks till then with shares worth Tk 35 million changing hands, closely followed by BRAC Bank Tk 14 million, IFIC Bank Tk 13 million, Square Pharma Tk 10 million and UCB Tk 9.50 million.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-gaining 46 points to stand at 16,987, also at 11:00am.

The Selective Category Index – CSCX –also gained 28 points to stand at 10,264 points till then.

Of the issues traded till then, 31 gained, 5 declined and 7 issues remained unchanged with Tk 10 million in turnover.

[email protected]