Stocks witnessed upward trend in early trading on Thursday as bargain hunters remained active on sector-wise issues based on corporate declarations.
Following the previous day’s modest correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher in the morning.
Within the first 30 minutes of trading, the DSE key index rose more than 19 points while the CSE All Share Price Index- CASPI rose 37 points at 10:30 am when the report was filed.
DSEX, the prime index of the DSE, went up by 19.40 points or 0.39 per cent to reach 4,939 points at 10:30 am.
Two other insides also saw positive trend till then. The DS30 index, comprising blue chips, gained 12.29 points to reach at 1,718 and the Shariah Index (DSES) rose 2.46 points to reach 1,117 points till then.
Market operators said the bargain hunters remained active on sector-wise stocks based on latest year-end dividend and quarter-end earnings declarations.
Turnover, another important indicator of the market, stood at Tk 1.62 billion when the report was filed at 10:30 am.
Of the issues traded till then, 144 advanced, 71 declined and 82 remained unchanged.
Brac Bank was the most traded stocks till then with shares worth Tk 184 million changing hands, closely followed by Beximco Pharma, Beximco, Shinepukur Ceramic and Associated Oxygen.
The port city bourse – the Chittagong Stock Exchange (CSE) –also saw an upward trend till then with CSE All Share Price Index- CASPI-gaining 37 points to stand at 14,151, also at 10:30 am.
The Selective Categories Index – CSCX also gained 22 points to reach 8,512 till then.
Of the issues traded till then, 25 gained, 16 declined, and 13 issues remained unchanged with Tk 41 million in turnover.
