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.
Key index of DSE went up17.47 points in first 30 minutes of trade while the selective categories index of CSE gained 23.92 in first two hours 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.
Earlier, a web post on DSE site reads: “The time to begin trading (10:30am) on the country’s premier bourse has been pushed back due to technical problems. The time to start Sunday’s trade will be communicated to the investors once the technical problem is solved.”
“DSE IT Department is working to resolve the technical problem. As soon as the problems are resolved, trading will resume on the main bourse,” Deputy General Manager at the DSE (PR) Shafiqur Rahman told the BBN.
With today’s disruption, the technical glitch this year halted the trading at Dhaka Stock Exchange for fourth times.
After nearly 30 minutes of trading, DSEX, the prime index of the Dhaka Stock Exchange, stood at 4,549.10 points gaining 17.48 points or 0.38 per cent at 12:30pm.
The DS30 index, comprising blue chips, earned 6.34 points or 0.36 per cent to reach at 1,727.41.
The DSE Shariah Index (DSES) also received 7.26 points or 0.66 per cent to reach at 1,098.78.
Turnover on DSE stood at BDT 681.31 million when this report was updated at 12:30pm.
Of the issues traded till then, 148 advanced, 61 declined and 22 issues remained unchanged.
IFAD Autos was remained the most traded stocks with shares BDT 78.68 million changing hands followed by Saif Power, Far Chemicals, KDS Accessories Ltd, Baximco Pharma and Olympic Accessories Ltd.
Meanwhile, the port city bourse – the Chittagong Stock Exchange – opened on time at 10:30am.
After first two hours of trading, the Selective Category Index – CSCX – of the port city bourse gained 23.92 points to stand at 8,440.61, at 12:30pm.
Of the issues traded till then, 104 gained, 51 declined and 37 remained unchanged with a turnover value of Tk 149.08 million.