Loading...

Stocks rise at opening after hit record low

FE Online Report | Published: December 11, 2019 12:52:55 | Updated: December 15, 2019 10:44:49


Stocks witnessed marginal gain in early hours of trading on Wednesday as bargain hunters showed their buying appetite on sector specific issues after sharp correction.

Following the last four days’ 196 points fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw positive trend, but trading activities remains low.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 2.0 points while the CSE All Share Price Index of port city’s bourse gained 10 points at 10.45am.

After 30 minutes of trading, DSEX went up more than 3.0 points while the CSE All Share Price Index of port city’s bourse rose 12 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 3.45 points or 0.07 per cent to stand at 4,510 at 11:00am.

The DSE Shariah Index (DSES) also advanced 3.90 points to stand at 1,016 points till then. But, the DS30 index, comprising blue chips fell 1.48 points to 1,546.

Turnover, the important indicator of the market, stood at Tk 431 million when the report was filed at 11:00am.

Of the issues traded till then, 106 advanced, 95 declined and 80 remained unchanged.

Kulna Power Company was the most traded stocks till then with shares worth Tk 65 million changing hands, closely followed by Paramount Insurance, Preogressive Life Insurance, Daffodil Computers and Reckitt Benckiser.

The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw marginal gain till then with CSE All Share Price Index- CASPI-gaining 12 points to stand at 13,696 points, also at 11:00am.

The Selective Category Index – CSCX – gained 8.0 points to stand at 8,309 points till then.

Of the issues traded till then, 20 advanced, 15 declined and 9 remained unchanged with Tk 8.0 million in turnover.

babulfexpress@gmail.com

Share if you like