Stocks witnessed upward trend in early trading on Thursday as investors are active on banking sector stocks.
Brokers said investors are taking position on sector specific issues as most of the listed companies declared their quarterly earnings and year-end dividend.
Following the previous day’s sharp gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher, amid slow turnover activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced nearly 28 points while the Selective Category Index of port city bourse rose 26 points at 10:45am.
After first hour of trading, the DSEX rose more than 41 points while the Selective Category Index of port city bourse rose 61 points at 11:30am when the report was filed.
DSEX, the prime index of the DSE, went down by 41.12 points or 0.68 per cent to stand at 6,113 points at 11:30am.
The DS30 index, comprising blue chips also advanced 16.22 points or 0.74 per cent to reach at 2,205 points.
The DSE Shariah Index (DSES) rose 8.60 points or 0.65 per cent to stand at 1,330 points.
Turnover, the important indicator of the market, stood at Tk 1.68 billion after first hour of trading when the report was filed at 11:30am.
Of the issues traded till then, 188 advanced, 57 declined and 41 remained unchanged.
UCB was the most traded stocks till then with shares worth Tk 122 million changing hands, closely followed by Exim Bank Tk with 73 million, City Bank Tk 69 million, Brac Bank Tk 54 million and Power Grid Tk 53 million.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till then with its Selective Category Index – CSCX –advancing 61 points to stand at 11,454 points, also at 11:30am.
Of the issues traded till then, 105 gained, 30 declined and 18 issues remained unchanged with Tk 125 million in turnover.