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Stocks rise at opening on banking shares

FE Online Report | Published: October 30, 2017 12:01:44 | Updated: October 31, 2017 15:44:13


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The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened positive note on Monday as investors are active on selective banking issues amid ongoing earnings and dividend declaration session.

Following the previous day’s marginal correction, both the bourses, the DSE and the CSE, saw positive amid slow trend of indices.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 18 points while the Selective Category Index of the port city bourse rose 33 points at 10:45am.

After 30 minutes of trading, the morning enthusiasm slowed down and DSEX advanced gained 11.15 points while the Selective Category Index of the port city bourse rose 32 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 11.15 points or 0.18 per cent to stand at 6,006 points at 11:00am.

The two other indices saw also positive trend. The DS30 index, comprising blue chips, also advanced 4.05 points or 0.19 per cent to 2,161. The DSE Shariah Index (DSES) gained 0.63 points or 0.05 per cent to 1,306.

Turnover, an important indicator of the market, stood at Tk 798 million at 11:00am when the report was filed.

Of the issues traded till then, 119 advanced, 86 declined and 43 remained unchanged.

City Bank was the most traded stocks till then with shares worth Tk 66 million changing hands, closely followed by KPCL Tk 53 million, Rupali Bank BDT 46 million, Prime Bank BDT 43 million, and Trust Bank BDT 29 million.

The port city bourse – the Chittagong Stock Exchange – also saw positive trend till then with its Selective Category Index – CSCX –advancing 32 points to stand at 11,250 points, also at 11:30am.

Of the issues traded till then, 47 gained, 23 declined and 10 remained unchanged with Tk 28 million in turnover.

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