Stocks positive as trading resumes after 2 months

Country's two main bourses have opened after the two months of general and Eid holidays today.

Both the stock exchanges witnessed a sharp rise of their key indices during the first one and half hour trading session.

DSEX, the key index of Dhaka Stock Exchanges (DSE), increased 0.48% or 26 points to reach 4034 points at 12.00pm.

Most of the issues or the shares of 169 companies remained unchanged till 12.00pm at the prime bourse. During the same time frame, 52 company's share prices increased while 64 fell.

However, the total trade on DSE trading floor reached at Tk67.36 crore by this time.

According to the top officials of some brokerage houses, indices rose as a result of imposing a floor price - no share price can be lower than the stock's average closing price for five days till March 19 – therefore, most of the company's share prices were unchanged.

Since the pharmaceutical businesses are doing well amid the on-going pandemic crisis, they said, Investors are taking interest in pharmaceutical sector inducing share prices."

"On the other hand banking share lost their price due to imposed limitation to declare dividend by Bangladesh Bank," they added.

The port city bourse Chittagong Stock Exchange (CSE) key index had also increased during the time frame. CASPI key index of CSE increased 147 points to reach at 11,475 points.