Banking shares lift bourses Monday

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Monday as investors continued their buying binge on banking stocks.

 

Following the previous day’s upbeat trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher with rising trading activities.

 

After first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 42.48 points while the Selective Category Index of port city bourse rose 78 points at 10:45am.

 

After 30 minutes of trading it slowed down and DSEX gained 8.84 points while the Selective Category Index of port city bourse rose 55 points at 11:00am when the report was filed.

 

DSEX, the prime index of the DSE, went up by 8.84 points or 0.14 per cent to stand at 6,249 points at 11:00am.

 

The DS30 index, comprising blue chips advanced 1.25 points or 0.05 per cent to 2,228 points.

 

However, the DSE Shariah Index (DSES) fell 2.92 points or 0.20 per cent to stand at 1,389 points till then.

 

Turnover, the important indicator of the market, stood at Tk 2.88 billion when the report was filed at 11:00am.

 

Of the issues traded till then, 133 advanced, 92 declined and 62 remained unchanged.

 

The banking issues dominated the turnover chart with National Bank led the chart till then with shares worth Tk 215 million changing hands, closely followed by Premier Bank Tk 149 million, IFIC Bank Tk 130 million, First Security Islami Bank Tk 122 million and Mercantile Bank Tk 119 million.

 

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till then with its Selective Category Index – CSCX – advancing 55 points to stand at 11,763 points, also at 11:00am.

 

Of the issues traded till then, 73 gained, 48 declined and 25 issues remained unchanged with Tk 121 million in turnover.