DSE, CSE rise amid dull trading

The prices of most of the shares on bourses witnessed upward trend in early trading on Tuesday as some investors are active on sector-wise issues.

Trading on the bourses started at 10:00am instead of 10:30am as Holy Ramadan started on Tuesday. Trading will be ended at 2:00pm instead of 2:30pm.

Following the previous day’s sharp correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher at opening amid rising trading activities.

Within first 30 minutes of trading, the key index of the country’s prime bourse advanced 12 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 30 points at 10:30am.

After first hour of trading, the DSEX advanced more than 3.80 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 41 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 3.80 points or 0.07 per cent to reach at 5,345 points at 11:00am.

The DSE Shariah Index also gained 3.07 points to stand at 1,236 points. However, the DS30 index, comprising blue chips, lost 1.62 points to reach at 1,879 points till then.

Turnover, the important indicator of the market, stood at Tk 1.35 billion on DSE when the report was filed at 11:00am.

Of the issues traded till then, 155 advanced, 104 declined and 47 remained unchanged on the DSE trading floor.

Fortune Shoes was the most traded stocks till then with shares worth Tk 140 million changing hands, closely followed by Power Grid Company, Bangladesh Shipping Corporation, Indo-Bangla Pharma and Esquire Knit Composite.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-advancing 41 points to stand at 16,436 points, also at 11:00am.

The Selective Category Index – CSCX –also gained 27 points to stand at 9,952 till then.

Of the issues traded till then, 57 gained, 34 declined and 16 issues remained unchanged with Tk 62 million in turnover.