Stocks open higher as bank shares shine

Dhaka,  Wed,  20 September 2017
Published : 13 Aug 2017, 12:26:09

Stocks open higher as bank shares shine

FE Online Report
The prices of most of the stocks witnessed upward trend in early hour of trading on Sunday as investors remained active on the sector-wise stocks, especially banks.

Following the previous week’s marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher, amid rising turnover value.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced 26 points while the Selective Category Index of port city bourse rose 28 points at 10:15am.

After first 30 minutes of trading, the DSEX rose 31 points while the Selective Category Index of port city bourse advanced 65 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 31 points to reach at 5,933 at 11:00am.

The DS30 index, comprising blue chips also advanced 7.21 points or 0.34 per cent to 2,133 points. The DSE Shariah Index (DSES) rose 0.48 points or 0.04 to stand at 1,315.

Turnover, the important indicator of the market, stood at Tk 1.18 billion when the report was filed at 11:00am, riding on banks. Six banks were among the 10 turnover leaders till 11:00am.

Uttara Bank emerged as turnover leader with shares worth Tk 83 million changing hands till then, closely followed by BBS Cables Tk 79 million, Fortune Shoes Tk 75 million, IFIC Bank Tk 59 million and Eastern Bank Tk 50 million.

Of the issues traded till then, 118 advanced, 82 declined and 49 remained unchanged.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward till then trend with its Selective Category Index – CSCX-- advancing 65 points to stand at 11,128, also at 11:00 am.

Of the issues traded till then, 46 gained, 28 declined and 16 issues remained unchanged with Tk 64 million in turnover.


Editor : A.H.M Moazzem Hossain
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