DSE, CSE higher in early trading Tuesday

| Updated: October 24, 2017 07:29:19

Banking shares continue to boost bourses

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Tuesday as investors continued their buying binge on banking stocks.


Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower with rising trading activities.


After first 15 minutes of trading, the key index of the country’s prime bourse fell more than 6.0 points while the Selective Category Index of port city bourse lost 10 points at 10:45am.


But, it rebounded sharply in next 15 minutes and DSEX gained more than 26 points while the Selective Category Index of port city bourse rose 47 points at 11:00am when the report was filed.


DSEX, the prime index of the DSE, went up by 26.34 points or 0.42 per cent to stand at 6,262 points at 11:00am.


The two other indices also saw positive trend till then. The DS30 index, comprising blue chips advanced 3.89 points or 0.17 per cent to 2,221 points. The DSE Shariah Index (DSES) rose 3.90 points or 0.28 per cent to stand at 1,384 points till then.


Turnover, the important indicator of the market, stood at Tk 2.10 billion when the report was filed at 11:00am.


Of the issues traded till then, 149 advanced, 61 declined and 65 remained unchanged.


The banking issues continued to dominate the turnover chart with National Bank led the chart till then with shares worth Tk 235 million changing hands, closely followed by IFAD Autos Tk 130 million, Uttara Bank Tk 85 million, Exim Bank Tk 82 million, and Al-Arafah Islami Bank Tk 40 million.


The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till then with its Selective Category Index – CSCX – advancing 47 points to stand at 11,765 points, also at 11:00am.


Of the issues traded till then, 62 gained, 22 declined and 21 issues remained unchanged with Tk 90 million in turnover.


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