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Stocks rebound at opening

| Updated: February 28, 2019 11:37:58


FE file photo used for representation FE file photo used for representation

The prices of most of the shares on both the bourses witnessed an upward trend in the early hour of trading on Monday as some investors were showing their buying appetite on sector-wise issues.

Following the previous day’s correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher today with low trading activities.

Within 30 minutes of trading, the DSEX advanced more than 19 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 50 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 19.05 points or 0.33 per cent to stand at 5,733 points at 11:00am.

The DS30 index, comprising blue chips, gained 6.64 points to reach at 2003 points till then. The DSE Shariah Index also gained 5.49 points to stand at 1,318 points.

Turnover, the important indicator of the market, stood at Tk 1.27 billion on the DSE when the report was filed at 11:00am.

Khulna Power was the most traded stocks till then with shares worth Tk 158 million changing hands, closely followed by Square Pharma Tk 130 million, Bangladesh Submarine Cable Company Tk 94 million, Legacy Footwear Tk 58 million and Grameenphone Tk 54 million.

Of the issues traded till then, 148 advanced, 111 declined, and 48 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange (CSE) also saw a positive trend till then with the CASPI advancing 50 points to stand at 17,561 points, also at 11:00am.

The Selective Category Index (CSCX) also gained 31 points to stand at 10,632 points till then.

Of the issues traded till then, 42 gained, 28 declined, and 09 issues remained unchanged with Tk 35 million in turnover.

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