Retailers trade at Dhaka Stock Exchange office. BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks stayed positive trend at midday on Wednesday as optimistic investors continued their buying spree on sectors specific stocks.
Market insiders said the government decision to cut yield rates of savings instruments coupled with the news of possible VAT rate at 12 per cent, prompted investors to take position anticipating short-term rally.
Following the previous two days’ positive trend, the key index of the country’s prime bourse advanced 21.45 points while the Selective Category Index of port city bourse rose 21 points within first 15 minutes of trading at 10:45am.
After 30 minutes of trading, the DSEX stood at 5417 points, advancing 22 points while the Selective Category Index of port city bourse rose 24 points at 11:00am.
At 12noon, the DSEX went up by 20 points while the Selective Category Index of port city bourse rose 26 points when the report was filing.
After one and a half hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE) stood at 5,415 points, shedding 20.30 points or 0.37 percent when the report was filing at 12:00 noon.
The DS30 index, comprising blue chips also advanced 9.26 points or 0.46 percent to reach at 2007 points.
The DSE Shariah Index (DSES) gained 6.56 points or 0.52 percent to reach at 1,265 points.
Turnover, the crucial indicator of the market, stands at BDT 2.02 billion, when the report was filed at 12:00 noon.
MJL BD led the turnover chart with shares of BDT 114 million changing hands till then, followed by IFAD Autos BDT 112 million, Beximco BDT 106 million, BDCOM BDT 104 million and Baraka Power BDT 103 million.
Of the issues traded till then, 148 advanced, 77 declined and 72 issues remained unchanged on the DSE trading floor.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend with its Selective Category Index – CSCX – gaining 26 points to stand at 10,153 points, also at 12noon.
Of the issues traded till then, 79 gained, 50 declined and 29 issues remained unchanged with BDT 148 million in turnover.