The Financial Express

Stocks open higher on buying appetite

| Updated: January 26, 2019 10:19:45

Photo courtesy: BSEC Photo courtesy: BSEC

The prices of most of the stocks witnessed an upward trend in the early hour of trading on Sunday as investors were showing their buying appetite on sector-wise issues.

Following the previous week’s marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher despite low trading activities.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse advanced more than 43 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 57 points at 10:45am.

After 30 minutes of trading, the DSEX gained more than 56 points while the CASPI of  Chattogram bourse rose 121 points at 11:00am when the report was filed.

The DSEX went up by 56.87 points or 0.97 per cent to stand at 5,882 points at 11:00am.

The DS30 index, comprising blue chips, also rose 14.66 points to reach at 2,021 points till then.

The DSE Shariah Index advanced 75 points to stand at 1,316 points.

Turnover, the important indicator of the market, stood at Tk 1.55 billion on the DSE when the report was filed.

United Finance was the most traded stocks till then with shares worth Tk 93 million changing hands, followed by Premier Bank, United Power, Dhaka Bank, and JMI Syringes.

Of the issues traded till then, 173 advanced, 103 declined and 32 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange also saw an uptrend till then with the CASPI gaining 121 points to stand at 17,979 points, also at 11:00am.

The Selective Category Index (CSCX) also gained 75 points to stand at 10,866 points till then.

Of the issues traded till then, 65 gained, 28 declined, and 09 issues remained unchanged with Tk 38 million in turnover.

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