The Financial Express

DSE, CSE rise after JS passes finance bill

| Updated: June 29, 2018 11:15:51

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Stocks rise after JS passes finance bill

Prices of most of the shares on both the bourses saw positive trend in early hour of trading on Thursday after the Jatiya Sangsad (JS) passed the Finance Bill 2018 on Wednesday.

Investors are showing their buying appetite on sector-wise stocks as the national budget is expected to be passed by the JS members today (Thursday).

Following the previous day’s upward movement, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 12 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 35 points at 10:45am.

After 30 minutes of trading, the DSEX advanced more than 15 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 10 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 15.34 points or 0.28 per cent to reach at 5,444 points at 11:00am.

The DS30 index, comprising blue chips, also advanced 6.72 points to reach at 1,975 points.

The DSE Shariah Index index gained 4.22 points to reach at 1,270 points till then.

Turnover, the important indicator of the market, stood at Tk 1.12 million when the report was filed at 11:00am.

Of the issues traded till then, 127 advanced, 87 declined and 50 remained unchanged.

Ratanpur Steels was the most traded stocks till then with shares worth Tk 83 million changing hands, closely followed by Monno Ceramic BDT 100 million, Aramit BDT 72 million, Queen South Textile BDT 46 million and Pharma Aids Tk 39 million.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till then with CSE All Share Price Index- CASPI-advancing 10 points to stand at 16,703, also at 11:00am.

The Selective Category Index – CSCX –also rose 7.0 points to stand at 10,099 points till then.

Of the issues traded till then, 46 gained, 37 declined and 22 issues remained unchanged with Tk 198 million in turnover.

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