Stocks mostly higher in early trading

Dhaka,  Wed,  20 September 2017
Published : 22 Aug 2017, 11:37:32
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Stocks mostly higher in early trading

FE Online Report
The prices of most of the shares witnessed upward trend in early hour of trading on Tuesday as investors continued to take position on sector-wise large-cap issues.

Following the previous day’s moderate gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw positive trend at opening amid increasing participation of investors.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 20 points while the Selective Category Index of port city bourse rose 26 points at 10:15am.

After first 30 minutes of trading, DSEX rose more than 18 points while the Selective Category Index of port city bourse advanced 21 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 18.50 points or 0.32 per cent to reach at 5,863 points at 11:00am.

Two other indices saw positive trend till then. The DS30 index, comprising blue chips, advanced 4.76 points or 0.23 per cent to 2,103 points. The DSE Shariah Index (DSES) rose 4.37 points or 0.34 to stand at 1,307 points.

Turnover, the important indicator of the market, stood at Tk 1.34 billion when the report was filed at 11:00am.

BBS Cables emerged as turnover leader with shares worth Tk 134 million changing hands, followed by Familytex Tk 95 million, Ranpur Foundry Tk 74 million, Intech Tk 62 million and JMI Syringes Tk 46 million.

Of the issues traded till then, 166 advanced, 53 declined and 40 remained unchanged.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw positive till then trend with its Selective Category Index – CSCX advancing 21 points to stand at 10,998, also at 11:00am.

Of the issues traded till then, 65 gained, 33 declined and 11 issues remained unchanged with Tk 60 million in turnover.

-bb/rmc//
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