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Stocks witness upward in early trading

FE Online Report | Published: November 07, 2017 11:30:13 | Updated: November 08, 2017 11:24:09


Stocks witnessed upward trend in early trading on Tuesday as investors are showing their buying binge on banking sector stocks.

After crossing the 6,100-mark in the previous day, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid rising trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 30 points while the Selective Category Index of port city bourse rose 37 points at 10:45am.

After 30 minutes of trading, the DSEX gained 21 points while the Selective Category Index of the port city bourse rose 20 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 21.06 points or 0.34 per cent to stand at 6,125 points at 11:30am.

The two other indices also saw positive trend. The DS30 index, comprising blue chips advanced 3.21 points or 0.14 per cent to 2,212 points.

The DSE Shariah Index (DSES) rose 3.51 points or 0.26 per cent to 1,329 points.

Turnover, the important indicator of the market, stood at Tk 1.02 billion after 30 minutes of trading when the report was filed at 11:00am.

Of the issues traded till then, 153 advanced, 60 declined and 55 remained unchanged.

City Bank was the most traded stocks till then with shares worth Tk 139 million changing hands, closely followed by Shahjalal Bank Tk 50 million, BBS Cables Tk 48 million, Western Marine Shipyard Tk 44 million and Monno Ceramic Tk 43 million.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with its Selective Category Index – CSCX –advancing 20 points to stand at 11,472 points, also at 11:30am.

Of the issues traded till then, 44 gained, 41 declined and 19 remained unchanged with Tk 37 million in turnover.

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