Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed sharp rise in early hour of trading on Wednesday, maintaining the previous upward trend.
Both bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw steep rise in early trading.
After 15 minutes of trading, the key index of the country’s prime bourse rose 50.10 points while the Selective Category Index of port city bourse rose 58 points when the report was filing at 10:45am.
DSEX, the benchmark index of the DSE, went up by 50.10 points or 0.91 per cent to stand at 5518.35 points, when the report was filed at 10:45am.
The two other indices also saw steep rise in early trading. The DS30 index, comprising blue chips, rose 17.15 points or 0.86 per cent to reach at 2010.31 points.
The DSE Shariah Index (DSES) advanced 9.97 points or 0.78 per cent to stand at 1,278.25 points.
Turnover, the important indicator of the market, stands at BDT 677 million when the report was filed at 10:45 million, riding on Islami Bank and Beximco.
Of the issues traded till then, 169 advanced, 27 declined and 12 issues remained unchanged.
Islami Bank dominated the turnover chart with shares worth BDT 63 million changing hands till then, followed by Beximco BDT 53 million, Generation Next Fashion BDT 38 million, Baraka Power BDT 22 million and Dragon Sweater BDT 20 million.
The port city bourse CSE also saw sharp gain in early trading with its Selective Category Index – CSCX – advancing 58 points to stand at 10331 points, also at 10:45am.
Of the issues traded till then, 53 gained, 9 declined and 6 issues remained unchanged with a turnover value of BDT 30 million.