The Financial Express

Stocks open higher

| Updated: November 14, 2017 15:44:08

Stocks open higher

The prices of most of the shares on both bourses witnessed a downward trend after 30 minutes of trading despite a flying start on Monday as risk-averse investors were booking profits on banking sector stocks.

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

Within first 10 minutes of trading, the key index of the country’s prime bourse advanced nearly 28 points while the Selective Categories Index – CSCX-- of the port city bourse rose 12 points at 10:45am.

However, it fell sharply as cautious investors started to book profits on banking issues. After 30 minutes of trading the DSEX fell 7.62 points while the Selective Categories Index of the port city bourse lost 19 points at 11:00am, when the report was filed.

DSEX, prime index of DSE, which replaced DGEN nearly five years back, went down by 7.62 points or 0.12 to reach 6,216 points at 11:00am.

However, two other indices stay positive trend till then.

Of them, DS30 index comprising blue chips also advanced 2.02 points or 0.08 per cent to reach 2,261 points, and DSE Shariah index DSES gained 3.72 points or 0.28 per cent to stand at 1,347 points.

Turnover, an important indicator of the market, stood at Tk 1.58 billion when the report was filed at 11:00am.

Of the issues traded till then, 96 advanced, 112 declined and 63 remained unchanged.

Dhaka Bank was the most traded stocks till then with shares worth Tk 114 million changing hands, closely followed by AB Bank Tk 108 million, IFAD Autos Tk 102 million, Al-Arafah Islami Bank Tk 62 million and City Bank Tk 58 million.

Port city bourse CSE also saw a downturn till then with its Selective Category Index – CSCX –losing 19 to stand at 11,666 points, also at 11:00am.

Of the issues traded till then, 44 gained, 39 declined and 13 issues remained unchanged with Tk 68 million in turnover.

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