Dhaka, Bangladesh (BBN) – Bangladesh’s stocks rebounded strongly at midday on Tuesday as investors went on buying spree on banking stocks.
Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower with rising trading activities.
After first 15 minutes of trading, the key index of the country’s prime bourse fell more than 6.0 points while the Selective Category Index of port city bourse lost 10 points at 10:45am.
But, it rebounded sharply in next 15 minutes and DSEX gained more than 26 points while the Selective Category Index of port city bourse rose 47 points at 11:00am.
After 90 minutes of trading, DSEX, the prime index of the advanced 37 points, while the Selective Category Index of port city bourse gained 78 points when the report was filed at 12noon.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE stands at 6,273 points, advancing 37 points or 0.59 percent at 12noon.
Two other indices also saw positive trend till then. The DS30 index, comprising blue chips advanced 5.32 points or 0.24 percent to reach at 2,223 points.
The DSE Shariah Index (DSES) rose 0.97 points or 0.07 percent to reach at 1,381 points.
Turnover, the crucial indicator of the market, stands at BDT 6.85 billion, when the report was filed at 12noon.
The banking sector dominated the turnover chart with National Bank led the chart till then with shares worth BDT 576 million changing hands, followed IFIC Bank BDT 396 million, Uttara Bank BDT 336 million, Al-Arafah Islami Bank BDT 275 million and IFAD Autos BDT 274 million.
Of the issues traded till then, 111 advanced, 166 declined and 43 issues remained unchanged on the DSE trading floor.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till then with its Selective Category Index – CSCX – advancing 78 points to stand at 11,796 points, also at 12noon.
Of the issues traded till then, 68 gained, 106 declined and 23 issues remained unchanged with BDT 360 million in turnover.