Stocks rise on buying spree in early trading


FE Online Report | Published: February 14, 2019 12:01:17 | Updated: February 15, 2019 12:39:42


Stocks rise on buying spree

The prices of most of the shares on bourses witnessed positive trend in early hour of trading on Thursday as some investors are showing their buying spree.

Following the previous day’s modest gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher with rising trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 13 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 10 points at 10:45am.

After 30 minutes of trading, the DSEX rose more than 8.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 2.0 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 8.17 points or 0.14 per cent to stand 5,756 points at 11:00am.

The DSE Shariah Index advanced 1.53 points to stand at 1,312 points. However, the DS30 index, comprising blue chips, fell 2.23 points to reach at 2,001 points till then.

Turnover, the important indicator of the market, stood at Tk 1.95 billion on DSE when the report was filed at 11:00am.

Fortune Shoes was the most traded stocks till then with shares worth Tk 232 million changing hands, followed by United Power, Alif Industries, Monno Ceramic and Alif Manufacturing Company.

Of the issues traded till then, 171 advanced, 104 declined and 36 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till then with CSE All Share Price Index- CASPI-gaining 2.34 points to stand at 17,601 points, also at 11:00am.

The Selective Category Index – CSCX –also gained 5.0 points to stand at 10,651 points till then.

Of the issues traded till then, 65 gained, 42 declined and 13 issues remained unchanged with Tk 42 million in turnover.

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