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The Financial Express

Stocks soar at opening on hopes of resolving issues

| Updated: December 07, 2021 15:19:30


Investors monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files Investors monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files

Stocks opened on a flying note on Tuesday as investors were putting fresh bets on major sector issues amid high expectations from the coordination meeting.

The finance ministry has arranged a meeting with the central bank and the stock market regulator today at 11:00 am to find out a way to resolve the issues of the capital market.

Following the previous four days’ rising trend, DSEX, the prime index of the Dhaka Stock Exchange (DSE), rose 72.43 points or 1.03 per cent to stand at 7250, after the first hour of trading at 11:00 am.

Two other DSE indices also saw rising trends till then. The DS30 index, comprising blue chips, advanced 23.34 points to stand at 2,658 and the Shariah Index (DSES) rose 10.92 points to stand at 1,475 till then.

Turnover, another important indicator of the market, stood at Tk 3.80 billion within the first hour of trading at 11:00 am.

Market analysts said that the market rose sharply amid positive expectations from the coordination meeting.

Of the issues traded till then, 308 advanced, 28 declined and 28 issues remained unchanged on the DSE trading floor till then.

ONE Bank was the most traded stock till the filing of this report with shares worth Tk 673 million changing hands, closely followed by Beximco, First Security Islami Bank, Active Fine Chemicals and Sena Kalyan Insurance.

The Chittagong Stock Exchange also opened sharply higher with its All Shares Price Index (CASPI)—rising 155 points to stand at 20,557 while the Selective Categories Index – CSCX soared 90 points to reach 12,355, also at 11:00 am.

Of the issues traded till then, 122 advanced, 27 declined, and 10 remained unchanged with Tk 123 million in turnover.

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