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DSE, CSE advance amid political tensions

| Updated: December 19, 2018 11:45:25

Stocks advance amid political tensions

The prices of most of the shares on bourses witnessed positive trend in early hour of trading on Tuesday as some investors are active on sector-wise issues amid lucrative price level.

Following the previous seven days correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed positive trend at opening amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 10 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 12 points at 10:45am.

After 30 minutes of trading, the DSEX advanced 15 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 16 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 15 points or 0.28 per cent to stand 5,233 points at 11:00am.

The DS30 index, comprising blue chips, gained 3.35 points to reach at 1,845 points till then. The DSE Shariah Index also advanced 5.68 points to stand at 1,207 points.

Turnover, the important indicator of the market, stood at Tk 426 million on DSE when the report was filed at 11:00am.

The low-cap companies continued to dominate the turnover chart with Meghna Life Insurance was the most traded stocks till then with shares worth Tk 39 million changing hands, closely followed by IFAD Autos, Western Marine Shipyard, Sunlife Insurance and Social Islami Bank.

Of the issues traded till then, 137 advanced, 52 declined and 57 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw positive trend till then with CSE All Share Price Index- CASPI-advancing 16 points to stand at 16,044 points, also at 11:00am.

The Selective Category Index – CSCX –also gained 10 points to stand at 9,707 points till then.

Of the issues traded till then, 35 gained, 12 declined and 09 issues remained unchanged with Tk 12 million in turnover.

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