midday business round up

Bangladesh's stocks up amid delayed trading

Last updated: November 22, 2015

Dhaka, Bangladesh (BBN) - Bangladesh's stock markets witnessed upward trend after the prime bourse of the country faced an one and a half hours of suspension following technical glitch on Sunday.
Both the DSE and CSE showed upward trend.
The key index of DSE went up17.47 points after one hour and 15 minutes of trading while the selective categories index of CSE gained 36.72 in two hours and 45 minutes of trading on Sunday, the first session of the week.
Trading at Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, resumed at 12noon following the glitch and will continue till 4:00pm, said a web post of the DSE website.
Share transactions usually begin at 10:30am at both the bourses - the Dhaka Stock Exchange and Chittagong Stock Exchange - and close at 2:30pm in every working day.
But, today's technical glitch forced the authorities to begin the trading after a 90-minute of delay.
After the resumption of the trading, Bangladesh's stock markets witnessed upward trend.
DHAKA STOCK EXCHANGE:
After 75 minutes of trading at 1:15pm, DSEX, the prime index of the DSE, went up by 17.47 points or 0.38 per cent to reach at 4,549.09.
The DS30 index, comprising blue chips, gained 8.08 points or 0.46 per cent to stand at 1,729.15.
The DSE Shariah Index (DSES) advanced 7.15 points or 0.65 per cent to reach at 1,098.66.
DSE turnover stands at Tk 1.41 billion when the report was filing at 1:15pm.
Out of 283 issues traded till then, 168 advanced, 72 declined and 43 remained unchanged on the DSE trading floor.
Saif Powertec was the top turnover leader till then with shares of Tk 100 million changing hands followed by IFAD Autos, Far Chemical, Beximco Pharma and KDS Accesories.
CHITTAGONG STOCK EXCHANGE:
Meanwhile, the port city bourse – the Chittagong Stock Exchange – opened on time at 10:30am and its Selective Category Index - CSCX - went up by 36.72 points to stand at 8,453.41, at 1:15pm.
Of the issues traded till then, 129 gained, 46 declined and 30 remained unchanged with a turnover value of Tk 193 million till the report was filing at 1:15pm.
BBN/SS/ANS

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