Stocks manage some gains on buying spree

The prices of most of the stocks on both bourses witnessed upward trend in early hour of trading Tuesday as investors are showing buying appetite on large-cap stocks.

Following the previous four days’ negative 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 32 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 36 points at 10:45am.

After 30 minutes of trading, the DSEX advanced more than 42 Points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 83 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 42.28 points or 0.77 per cent to reach at 5,486 points at 11:00am.

The DS30 index, comprising blue chips, also gained 12.56 points to reach at 1,915 points till then. The DSE Shariah Index advanced 8.25 points to stand at 1,268.,

Turnover, the important indicator of the market, stood at Tk 1.60 billion on DSE when the report was filed at 11:00am.

Khulna Power Company was the most traded stocks till then with shares worth Tk 258 million changing hands, followed by Active Fine Tk 162 million, Intech Tk 134 million, Shasha Denims Tk 100 million and National Housing Finance Tk 69 million.

Of the issues traded till then, 189 advanced, 50 declined and 37 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) saw positive trend till then with CSE All Share Price Index- CASPI-advancing 83 points to stand at 16,843, also at 11:00am.

The Selective Category Index – CSCX –also gained 48 points to stand at 10,206 points till then.

Of the issues traded till then, 61 gained, 21 declined and 07 issues remained unchanged with Tk 40 million in turnover.

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