DSE, CSE open optimistic after MPS

FE Online Report | Published: August 01, 2018 11:28:42 | Updated: August 02, 2018 11:24:29


Stocks witnessed upward trend in early hour of trading on Wednesday as investors are showing buying appetite on sector-wise stocks after announcement of monetary policy.

Bangladesh Bank on Tuesday unveiled the first half-year monetary policy statement (MPS) focusing on continuation of required support for attaining targeted GDP growth and restraining the inflation.

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

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 35 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 60 points at 10:45am.

After 30 minutes of trading, the DSEX rose more than 45 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 79 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 45.20 points or 0.85 per cent to reach at 5,347 points at 11:00am.

The DS30 index, comprising blue chips, also advanced 12 points to reach at 1,893 points.

The DSE Shariah Index rose 11.69 points to reach at 1,263 points till then.

Turnover, the important indicator of the market, stood at Tk 1.75 billion when the report was filed at 11:00am.

Fortune Shoes was the most traded stocks till then with shares worth Tk 115 million changing hands, closely followed by BD Thai Aluminum Tk 107 million, IFAD Autos Tk 93 million, BBS Cables Tk 88 million and Hamid Fabrics Tk 76 million.

Of the issues traded till then, 204 advanced, 43 declined and 30 remained unchanged on the DSE trading floor.

The port city’s bourse–the Chittagong Stock Exchange (CSE)–also saw upward trend till then with CSE All Share Price Index- CASPI-advancing 79 points to stand at 16,375, also at 11:00am.

The Selective Category Index–CSCX–also gained 49 points to stand at 9,910 points till then.

Of the issues traded till then, 72 gained, 20 declined and 9 issues remained unchanged with Tk 41 million in turnover.

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