Retailers trade at Dhaka Stock Exchange office. BBN file photo

Dhaka, Bangladesh (BBN)– Bangladesh’s stocks witnessed upward trend in early hour of trading on Wednesday as some investors are showing buying spree on sector-wise stocks.

Following the previous day’s upward movement, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note, but turnover remains low.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 22 points while the CSE All Share Price Index (CASPI) of port city’s bourse also gained 22 points at 10:45am when the report was filed.

DSEX, the prime index of the DSE, went up by 22.90 points or 0.42 percent to reach at 5,409 points at 10:45am.

The DS30 index, comprising blue chips, also advanced 6.38 points to reach at 1,898 points.

The DSE Shariah Index (DSES) also rose 4.42 points to reach at 1,245 points till then.

Turnover, the important indicator of the market, stood at only BDT 718 million when the report was filed at 10:45am.

Of the issues traded till then, 153 advanced, 45 declined and 38 remained unchanged.

Republic Insurance Company was the most traded stocks till then with shares worth BDT 96 million changing hands, followed by Bangladesh Steel Re-rolling Mills BDT 87 million, Khulna Power Company BDT 69 million, Active Fine BDT 52 million and United Power BDT 39 million.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-gaining 22 points to stand at 16,603, also at 10:45am.

The Selective Category Index – CSCX –also advanced 12 points to stand at 10,058 points till then.

Of the issues traded till then, 27 gained, 15 declined and 06 issues remained unchanged with BDT 24 million in turnover.