The Financial Express

DSE, CSE open optimistic on Wednesday

| Updated: November 02, 2017 11:49:46

Representational image (Photo- Collected) Representational image (Photo- Collected)

The prices of most of the shares on both bourses saw upward trend in early trading Wednesday as investors are showing their buying appetite on sector-wise issues.

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 marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid slow trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced 12.38 points while the Selective Category Index of port city bourse rose 17 points at 10:45am.

After 30 minutes of trading, the DSEX advanced more than 27 points while the Selective Category Index of the port city bourse gained 32 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 27.62 points or 0.45 per cent to stand at 6,047 points at 11:00am.

The two other indices saw positive trend till then. The DS30 index, comprising blue chips advanced 10.17 points or 0.46 per cent to 2,178.

The DSE Shariah Index (DSES) also gained 4.48 points or 0.34 per cent to 1,321 points at 11:00am.

Turnover, an important indicator of the market, stood at Tk 981 million after first 30 minutes of trading when the report was filed at 11:00am.

Of the issues traded till then, 177 advanced, 50 declined and 35 remained unchanged.

LankaBangla Finance was the most traded stocks till then with shares worth Tk 177 million changing hands, followed by Western Marine Shipyard Tk with 67 million, Power Grid Company Tk 48 million, IDLC Finance Tk 37 million and UCB Tk 35 million.

The port city bourse – the Chittagong Stock Exchange –also saw upward trend till then with its Selective Category Index – CSCX –gaining 32 points to stand at 11,304 points, also at 11:00am.

Of the issues traded till then, 51 gained, 18 declined and 16 issues remained unchanged with Tk 35 million in turnover.

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