DSE, CSE post marginal gains at opening

Stocks posted marginal gains in the early hours of trading on Thursday as some bargain hunters were showing their buying interest on sector-wise issues.

Following the previous day’s modest gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 18 points or 0.25 per cent to stand at 7,078, after the first hour of trading at 11:00 am when the report was filed.

The DS30 index, comprising blue chips, also rose 9.26 points to stand at 2,692. However, the Shariah Index (DSES) lost 0.62 points to stand at 1,483 till then.

Turnover, another important indicator of the market, stood at Tk 4.03 billion within the first hour of trading at 11:00 am.

Market insiders said the bargain hunters are showing interest in buying sector-specific stocks although some investors are active in booking profits on quick-gaining stocks.

Of the issues traded till then, 167 advanced, 108 declined and 58 issues remained unchanged on the DSE trading floor.

Beximco was the most traded stock till the filing of this report with shares worth Tk 429 million changing hands, closely followed by NRB Commercial Bank, Delta Life Insurance, Fortune Shoes, and IFIC Bank.

The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 52 points to stand at 20,694 while the Selective Categories Index – CSCX rising 31 points to reach 12,442, also at 11:00 am.

Of the issues traded till then, 83 advanced, 36 declined, 25 remained unchanged with Tk 82 million in turnover.

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