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Stocks witnessed sharp gain in early hours of trading on Thursday as bargain hunters showed their appetite on sector-wise shares.
Following the previous three days’ slump, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher, but trading activity remains low.
Within first 15 minutes of trading, DSEX went up more than 25 points while the CSE All Share Price Index of port city’s bourse rose 50 points at 10:45am.
After 30 minutes of trading, DSEX soared more than 42 points while the CSE All Share Price Index of port city’s bourse advanced 73 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went up by 42.40 points or 0.95 per cent to stand at 4,460 at 11:00am.
The DS30 index, comprising blue chips gained 16 points to 1,514. The DSE Shariah Index (DSES) also rose 9.28 points to stand at 995 points till then.
Turnover, the important indicator of the market, stood at Tk 418 million when the report was filed at 11:00am.
Of the issues traded till then, 225 advanced, 28 declined and 27 remained unchanged.
IFAD Autos was the most traded stocks till then with shares worth Tk 25 million changing hands, closely followed by Sonar Bangla Insurance, Ring Shine Textiles, Progressive Life Insurance and Paramount Textile.
The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw upward till then with CSE All Share Price Index- CASPI-gaining 73 points to stand at 13,513 points, also at 11:00am.
The Selective Category Index – CSCX – rose 45 points to stand at 8,197 points till then.
Of the issues traded till then, 47 advanced, 9 declined and 6 remained unchanged with Tk 11 million in turnover.