Stocks rally amid dividend declaration session

| Updated: October 24, 2017 22:09:16

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The prices of most of the shares on both bourses witnessed upward trend in early trading on Thursday as investors are showing their buying appetite on sector-wise issues amid ongoing earnings and dividend declaration session.

Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened positive amid rising participation of investors.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced nearly 10 points while the Selective Category Index of port city bourse rose 14 points at 10:45am.

After first hour of trading, DSEX rose nearly 22 points while the Selective Category Index of port city bourse gained 30 points at 11:30am when the report was filed.

DSEX, the prime index of the DSE, went up by 21.82 points or 0.36 per cent to stand at 6,047 points at 11:30am.

The two other indices saw positive trend till then. The DS30 index, comprising blue chips advanced 10.46 points or 0.48 per cent to 2,189. The DSE Shariah Index (DSES) also gained 5.67 points or 0.43 per cent to stand at 1,333 points at 11:30am.

Turnover, the important indicator of the market, stood at Tk 1.86 billion after first hour of trading when the report was filed at 11:30am.

Of the issues traded till then, 127 advanced, 106 declined and 53 remained unchanged.

IFAD Autos was the most traded stocks till then with shares worth Tk 340 million changing hands, followed BD Finance Tk 83 million, IDLC Finance Tk 81 million, Aamra Networks Tk 70 million and Rangpur Foundry Tk 68 million.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till then with its Selective Category Index – CSCX –gaining 30 points to stand at 11,338 points, also at 11:00am.

Of the issues traded till then, 61 gained, 56 declined and 14 issues remained unchanged with Tk 53 million in turnover.

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