Stocks witness positive trend in early trading

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The prices of most of the shares on both bourses witnessed upward trend in early trading on Wednesday as optimistic investors remained active on sector-wise issues.

After hitting record high of the major bourse’s key index, the Dhaka Stock Exchange (DSE) the Chittagong Stock Exchange (CSE) opened higher amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 20 points while the Selective Categories Index of the port city rose 40 points at 10:45am.

However, it slowed down somewhat as the session progressed. After 30 minutes of trading the DSEX gained nearly 11 points while the Selective Categories Index of the port city bourse advanced 22 points at 11:00am, when the report was filed.

DSEX, the prime index of the DSE, which replaced the DGEN in nearly five years back, went up by 10.89 points or 0.17 to reach at 6,263 points at 11:00am.

The two other indices also stay positive trend till then. The DS30 index, comprising blue chips also advanced 5.97 points or 0.26 per cent to reach at 2,284.

The DSE Shariah Index (DSES) gained 7.82 points or 0.57 per cent to stand at 1,371 points.

Turnover, the important indicator of the market, stood at Tk 1.58 billion when the report was filed at 11:00am.

Of the issues traded till then, 144 advanced, 89 declined and 36 remained unchanged.

Square Pharma was the most traded stocks till then with shares worth Tk 110 million changing hands, closely followed by LankaBangla Finance Tk 104 million, IDLC Finance Tk 96 million, Shahjalal Bank Tk 89 million and FAS Finance Tk 59 million.

The port city bourse also saw positive trend till then with its Selective Category Index – CSCX –gaining 22 points to stand at 11,754 points, also at 11:00am.

Of the issues traded till then, 63 gained, 39 declined and 10 issues remained unchanged with Tk 128 million in turnover.

 

Source: thefinancialexpress