Stocks mostly higher in early trading

Dhaka,  Tue,  25 July 2017
Published : 16 Jul 2017, 11:57:14
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Stocks mostly higher in early trading

FE Online Report
The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Sunday as investors continued their buying binge on sector specific large-cap issues.

After reaching the premier bourse’s core index record high in the previous session, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid increased turnover.

Within first 15 minutes of trading, the key index of the country’s prime bourse rose 21 points while the Selective Category Index of port city bourse advanced 25 points at 10:45am.

After 30 minutes of trading, DSEX added nearly 27 points while the Selective Category Index of port city bourse advanced 26 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 26.70 points or 0.45 per cent to come down at 5,862 points at 11:00am.

The two other indices also saw positive trend till then. The DS30 index, comprising blue chips advanced 4.98 points or 0.23 per cent to 2,136 points. The DSE Shariah Index (DSES) gained 4.73 points or 0.35 per cent to stand at 1,332 points.

Turnover, the important indicator of the market, stood at Tk 2.32 billion when the report was filed at 11:00am.

Of the issues traded till then, 185 advanced, 46 declined and 39 remained unchanged.

IFAD Autos led the turnover chart till then with shares worth Tk 233 million changing hands, closely followed by Generation Next Fashions Tk 156 million, United Power Tk 153 million, Confidence Cement Tk 133 million and Keya Cosmetics Tk 129 million.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till then with its Selective Category Index – CSCX – advancing 26 points to stand at 10,966 points, also at 11:00am.

Of the issues traded till then, 78 gained, 39 declined and 8 issues remained unchanged with BDT 112 million in turnover.

-bb/rmc//

   
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