The Financial Express

Stocks witness sharp rise at opening

| Updated: June 22, 2018 11:51:19

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The prices of most of the stocks witnessed sharp rise in early hour of trading Thursday as investors are showing buying appetite on sector-wise stocks.

Brokers said the investors showing their buying spree on positive expectations as banks will bring down their interest rates to single digit from July 1.

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

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced nearly 52 points while the CSE All Share Price Index (CASPI) of port city bourse gained 29 points at 10:45am.

After 30 minutes of trading, the DSEX advanced more than 54 points while the CSE All Share Price Index (CASPI) of port city bourse gained 55 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 54 points or 1.0 per cent to reach at 5,439 points at 11:00am.

The DS30 index, comprising blue chips, rose 19 points to reach at 1,974 points.

The DSE Shariah Index advanced 16 points to reach at 1,266 points till then.

Turnover, the important indicator of the market, stood at Tk 1.50 billion when the report was filed at 11:00am.

Of the issues traded till then, 215 advanced, 23 declined and 33 remained unchanged.

Khulna Power Company was the most traded stocks till then with shares worth Tk 176 million changing hands, closely followed by Alif Industries BDT150 million, Paramount Textile BDT 60 million, BD Lamps BDT 57 million and Monno Ceramic BDT 52 million.

The port city bourse–the Chittagong Stock Exchange (CSE)—also saw upbeat trend till then with CSE All Share Price Index- CASPI-gaining 55 points to stand at 16,657, also at 11:00am.

The Selective Category Index – CSCX –also gained 36 points to stand at 10,078 points till then.

Of the issues traded till then, 64 gained, 30 declined and 17 issues remained unchanged with Tk 33 million in turnover.

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