Stocks mostly higher in early trading
The prices of most of the shares on both bourses witnessed upward trend in early trading on Wednesday as optimistic investors went on buying binge on large-cap issues amid earnings expectation.
Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher with increasing trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 37 points while the Selective Category Index of port city bourse gained 66 points at 10:45am.
After 30 minutes of trading, DSEX rose more than 39 points while the Selective Category Index of port city bourse gained 67 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went up by 39.39 points or 0.64 per cent to stand at 6,181 at 11:00am.
The two other indices also saw upward trend till then. The DS30 index, comprising blue chips advanced 18.53 points or 0.83 per cent to 2,225.
The DSE Shariah Index (DSES) rose 2.34 points or 0.17 per cent to stand at 1,350 points.
Turnover, the important indicator of the market, stood at Tk 1.40 billion when the report was filed at 11:00am.
Of the issues traded till then, 132 advanced, 74 declined and 35 remained unchanged.
Brac Bank dominated the turnover chart till then with shares of Tk 193 million changing hands, followed by Al-Arafah Islami Bank Tk 94 million, LankaBangla Finance Tk 87 million, Uttara Bank Tk 84 million and Aamra Networks Tk 73 million.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till then with its Selective Category Index – CSCX –advancing 67 points to stand at 11,610 points, also at 11:00am.
Of the issues traded till then, 44 gained, 27 declined and 16 issues remained unchanged with Tk 48 million in turnover.