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The Financial Express

Stocks witness positive trend at open

| Updated: August 06, 2020 21:13:07


Traders, in protective suits, monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files Traders, in protective suits, monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files

Stocks witnessed a positive trend in the early trading on Monday as optimistic investors continued buying shares in the hope of improvement in economic activities.

Within 30 minutes of trading, DSEX, the key index of DSE, advanced more than 3.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 13 points at 11:00 when the report was filed.

The DSEX went up by 3.12 points or 0.07 per cent to stand at 4,132 points at that time.

The DS30 index, comprising blue chips, however, fell 0.91 points to reach at 1,396 and the DSE Shariah Index shed 0.21 points to stand at 963 points.

Turnover, one of the important indicators of the market, stood at Tk 1.06 billion on DSE when the report was filed at 11:00am.

Market operators said gradual reopening of the economy and static daily number of Covid-19 cases led investors to strike bargains on promising issues.

Square Pharma was the most traded stock till filing of this report with shares worth Tk 58 million changing hands, followed by Pioneer Insurance, Eastern Insurance, Beximco Pharma and Bangladesh Submarine Cable Company.

The Chittagong Stock Exchange (CSE) saw a positive trend till then with the CSE All Share Price Index (CASPI) advancing 13 points to stand at 11,662 points, also at 11:00am.

The Selective Category Index (CSCX) also gained 8.0 points to stand at 7,131 points till then.

Of the issues traded till then, 28 advanced, 23 declined and 29 issues remained unchanged with Tk 27 million in turnover.

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