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Stocks open positive on bourses

| Updated: August 26, 2020 15:54:48


Stocks open positive on bourses

Stocks witnessed a positive trend in early trading on Wednesday as optimistic investors are showing their buying appetite on sector-wise issues.

Following previous day’s modest gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid some volatility.

Within the first 15 minutes of trading, the key index of the country’s prime bourse rose more than 27 points while the CSE All Share Price Index (CASPI) of the port city’s bourse gained 38 points at 10:15am.

After 30 minutes of trading, the key index of the DSE advanced 11.28 points while the CSE All Share Price Index (CASPI) of the port city’s bourse gained 34 points at 10:30am when the report was filed.

DSEX, the prime index of the DSE, went up by 11.28 points or 0.23 per cent to reach 4,792 points at 10:30am.

Two other indices of the DSE also saw a positive trend till then. Of them, DS30 index, comprising blue chips, gained 3.87 points to reach 1,664 and the DSE Shariah Index (DSES) advanced 4.48 points to reach 1,118 points till then.

Turnover, an important indicator of the market, stood at Tk 1.20 billion when the report was filed at 10:30am.

Of the issues traded till then, 160 advanced, 86 declined, and 76 remained unchanged.

Beximco was the most traded stocks till then with shares worth Tk 194 million changing hands, closely followed by Express Insurance, Singer BD, Beximco Pharma and Wata Chemicals.

The Chittagong Stock Exchange (CSE) also saw a positive trend till then with CSE All Share Price Index- CASPI-gaining 34 points to stand at 13,669, also at 10:30am.

The Selective Category Index – CSCX –also rose 20 points to stand at 8,263 points till then.

Of the issues traded till then, 45 gained, 20 declined, and 17 issues remained unchanged with Tk 37 million in turnover.

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