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The Financial Express

Stocks rise on corporate declarations

FE Online Report | Published: February 03, 2020 12:15:39 | Updated: February 04, 2020 16:06:07


Stocks inch up on earning reports

Stocks witnessed a marginal gain in early hours of trading on Monday as a section of investors are showing appetite on sector specific issues based on earnings declaration.

Following the previous day’s modest gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on upward trend amid low trading activities.

After 30 minutes of trading, DSEX gained more than 29 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 48 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 29.66 points or 0.66 per cent to stand 4,511 points at 11:00am.

The DS30 index, comprising blue chips, also gained 11.49 points to reach at 1,536 points. The DSE Shariah Index advanced 5.08 points to stand at 1,031 points till then.

Turnover, the important indicator of the market, stood at Tk 853 million on DSE when the report was filed at 11:00am.

LafargeHolcim Bangladesh was the most traded stocks till then with shares worth Tk 65 million changing hands, closely followed by Rangpur Dairy Food Products, Ring Shine Textile, Summit Power and Titas Gas.

Of the issues traded till then, 184 advanced, 37 declined and 51 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-advancing 48 points to stand at 13,699 points, also at 11:00am.

The Selective Category Index – CSCX – also gained 30 points to stand at 8,307 points till then.

Of the issues traded till then, 41 advanced, 5 declined 6 issues remained unchanged with Tk 25 million in turnover.

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