Bourses see gains in early trading

FE Online Report | Published: September 10, 2018 11:35:11 | Updated: September 13, 2018 12:01:43

FE file photo used for representation

The prices of most of the shares on both bourses saw an upward trend in early hour of trading on Monday as investors were showing their buying spree on sector specific stocks.

Following the previous day’s marginal correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid rising trading activities.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse advanced more than 15 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 28 points at 10:45am.

After 30 minutes of trading, the DSEX advanced more than 21 points while the CASPI of Chattogram bourse gained 35 points at 11:00am when the report was filed.

The DSEX went up by 21.15 points or 0.38 per cent to reach at 5,570 points at 11:00am.

Two other indices also saw positive trend till then. The DS30 index, comprising blue chips, advanced 3.15 points to reach at 1,950 points and the DSE Shariah Index rose 4.57 points to stand at 1,280 points at 11:00am.

Turnover, the important indicator of the market, stood at Tk 2.04 billion on DSE when the report was filed.

Active Fine Chemicals was the most traded stocks till then with shares worth Tk 450 million changing hands, followed by Shasha Denims Tk 216 million, Khulna Power Company Tk 182 million, Nahee Aluminum Tk 98 million, and Oimex Electrode Tk 69 million.

Of the issues traded till then, 160 advanced, 59 declined, and 42 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange (CSE) saw a positive trend till then with the CASPI advancing 35 points to stand at 17,153, also at 11:00am.

The Selective Category Index (CSCX) also gained 21 points to stand at 10,394 points till then.

Of the issues traded till then, 59 gained, 14 declined, and 07 issues remained unchanged with Tk 92 million in turnover.

Share if you like