The prices of most of the shares on both bourses witnessed upward trend in early trading on Thursday as optimistic investors took position on selective issues amid ongoing earnings and dividend declaration session.
Brokers said investors are taking position on sector-wise issues which declared sound quarter-end earnings and hefty dividends.
After crossing the 6,000-mark in the previous day, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid increasing trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced nearly 10.74 points while the Selective Category Index of port city bourse advanced 5.58 points at 10:45am.
After first hour of trading, the DSEX advanced nearly 20 points while the Selective Category Index of the port city bourse rose 28 points at 11:30am when the report was filed.
DSEX, the prime index of the DSE, went up by 19.76 points or 0.33 per cent to stand at 6,021 points at 11:30am.
The DS30 index, comprising blue chips, also advanced 0.49 points or 0.02 per cent to 2,182.
However, the DSE Shariah Index (DSES) saw negative trend, losing 1.56 points or 0.09 per cent to 1323.
Turnover, an important indicator of the market, stood at Tk 1.83 billion after first hour of trading when the report was filed at 11:30am.
Of the issues traded till then, 138 advanced, 103 declined and 51 remained unchanged.
Gemeni Sea Food dominated the turnover chart till then with shares worth Tk 230 million changing hands, following the news of its 125 per cent stock dividend recommendation on the day.
It was followed by BRAC Bank Tk 109 million, Safko Spinning Tk 103 million, City Bank Tk 78 million and Grameenphone Tk 63 million.
The port city bourse – the Chittagong Stock Exchange –also saw positive trend at the opening session with its Selective Category Index – CSCX –advancing 28 points to stand at 11,268 points, also at 11:30am.
Of the issues traded till then, 69 gained, 60 declined and 18 remained unchanged with Tk 69 million turnover.