Stocks witnessed upward trend at midday, after first two hours of trading Wednesday, as investors are taking position on large-cap banks issues.
Following the previous two days’ mild correction, 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 nearly 30 points while the Selective Category Index of port city bourse rose 45 points at 10:45am.
After 30 minutes of trading, DSEX advanced nearly 24 points while the Selective Category Index of port city bourse gained 48 points at 11:00am.
After first two hours of trading, DSEX, the prime index of the DSE rose more than 42 points, while the Selective Category Index of port city bourse advanced 88 points when the report was filed at 12:30pm.
DSEX, the prime index of the DSE stands at 6,191 points, advancing 42 points or 0.68 per cent at 12:30pm.
The two other indices also saw upward trend till then. The DS30 index, comprising blue chips advanced 16 points or 0.72 per cent to reach at 2,216 points. The DSE Shariah Index (DSES) gained 10 points or 0.71 per cent to reach at 1,375 points.
Turnover, the crucial indicator of the market, stands at Tk 7.25 billion, when the report was filed at 12:30 pm.
LankaBangla Finance led the turnover chart with shares worth Tk 379 million changing hands, closely followed by Al-Arafa Islami Bank Tk 326 million, First Security Islami Bank Tk 218 million, City Bank Tk 181 million and GrameenPhone Tk 147 million.
Of the issues traded till then, 143 advanced, 131 declined and 49 issues remained unchanged on the DSE trading floor.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend with its Selective Category Index – CSCX –advancing 88 points to stand at 11,599 points, also at 12:30pm.
Of the issues traded till then, 101 gained, 88 declined and 23 issues remained unchanged with Tk 340 in turnover.