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The Financial Express

Stocks open week on positive note

| Updated: July 16, 2020 09:53:51


Traders, in protective suits, monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files Traders, in protective suits, monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files

Stocks witnessed a positive trend in early trading on Sunday as a section of investors showed their appetite on sector-wise stocks despite ongoing Covid-19 pandemic.

Within 30 minutes of trading, DSEX gained more than 4.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 2.50 points at 11:00 when the report was filed.

DSEX, the prime index of the DSE, went up by 4.84 points or 0.12 per cent to stand 4,066 points at that time.

The DSE Shariah Index gained 5.56 points to stand at 944 points till then. However, the DS30 index, comprising blue chips, shed 0.60 points to reach at 1,368 points.

Market operators said the securities regulator’s ultimatum to non-compliant directors of listed firms to ensure holding of minimum 2.0 per cent shares within 45 days continues to lead the buy pressure in the market.

The stock market regulator has recently asked 61 directors of 22 listed companies to ensure a minimum 2.0 per cent shares in their own companies within 45 days to continue their directorship.

If any of the directors fails to comply with the 2.0 per cent shareholding rules within stipulated time, their position would be automatically vacated, according to the rules.

ML Dyeing was the most traded stocks till filing of this report with shares worth Tk 60 million changing hands, followed by Beximco Pharma, Monno Ceramic, Beacon Pharma and NCC Bank.

Meanwhile, the Chittagong Stock Exchange (CSE) also saw a positive trend till then with the CSE All Share Price Index (CASPI) gaining 2.50 points to stand at 11,539 points, also at 11:00am.

The Selective Category Index (CSCX) also rose 1.58 points to stand at 6,990 points till then.

Of the issues traded till then, 25 advanced, 21 declined and 60 issues remained unchanged with Tk 8.12 million in turnover.

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