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Stocks positive at opening amid virus scare

| Updated: July 22, 2020 18:03:59

Stocks positive at opening amid virus scare

Stocks witnessed positive trend in early trading on Tuesday as investors showed their buying binge on major sectors’ issues at the lowest possible prices amid the floor price system.

Within 30 minutes of trading, DSEX advanced more than 3.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 21 points at 11:00 when the report was filed.

DSEX, the prime index of the DSE, went up by 3.17 points or 0.07 per cent to stand 4,073 points at 11:00 am.

Two other indices also saw a positive trend till then. The DS30 index, comprising blue chips, gained 1.82 points to reach at 1,366 and DSE Shariah Index advanced 1.13 points to stand at 945 points till then.

Turnover, the important indicator of the market, stood at Tk 606 million on DSE when the report was filed at 11:00 am.

Market operators said investors showed buying appetite on the selective issues riding on optimism owing to the gradual reopening of the economy and revival of some specific sectors’ activity.

Beximco Pharma was the most traded stocks till then with shares worth Tk 39 million changing hands, followed by Dhaka Insurance, Square Pharma, Monno Ceramic, and GP.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also positive trend amid volatility till then with the CSE All Share Price Index- CASPI-advancing 21 points to stand at 11,598 points, also at 11:00 am.

The Selective Category Index – CSCX – also gained 13 points to stand at 7,030 points till then.

Of the issues traded till then, 35 advanced, 12 declined and 41 issues remained unchanged with Tk 8.0 million in turnover.


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