Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed sharp rise in early hour of trading on Sunday, the first trading session of the New Year 2017.
Both bourses – the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) – saw upward trend till filed the report at 10:45am.
The key index of the DSE advanced 31.85 points, while the Selective Category Index of port city bourse gained 52.34 points within first 15 minutes of the day’s trading at 10:45am.
After last year’s 406 points return, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went up by 31.85 points or 0.63 percent to stand at 5,067.89 points, when the report was filed at 10:45am.
The two other indices also saw positive trend. The DS30 index, comprising blue chips, jumped 8.80 points or 0.48 percent to reach at 1,819.72 points.
The DSE Shariah Index (DSES) rose 4.17 points or 0.35 percent to stand at 1,196.05 points.
Turnover, the important indicator of the market, stands at BDT 666 million when the report was filed at 10:45 million, riding on National Bank and IFAD Autos.
Of the issues traded till then, 161 advanced, 26 declined and 22 issues remained unchanged.
National Bank dominated the turnover chart with shares worth BDT 56 million changing hands till then, followed by IFAD Autos BDT 32 million, GSP Finance BDT 29 million, Mozaffar Hossion Spinning Mills BDT 24 million and Zaheen Spinning BDT 22million.
The port city bourse CSE also saw upward trend till then with its Selective Category Index – CSCX – advancing 52.34 points to stand at 9,422.25 points, also at 10:45am.
Of the issues traded till then, 58 gained, 9 declined and 6 issues remained unchanged with a turnover value of BDT 29 million.