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 Monday as investors took position on large-cap stocks encouraged by the government’s move to ease the ongoing liquidity crunch.
Following the previous two days’ sharp gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw steep rise at opening amid rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse soared more than 41 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 44 points at 10:45am when the report was filed.
DHAKA STOCK EXCHANGE
DSEX, the prime index of the DSE, went up by 41.48 points or 0.72 percent to reach at 5,788 points at 10:45am.
The two other indices also saw upward trend till then. The DS30 index, comprising blue chips, advanced 12 points or 0.59 per cent to reach at 2,162 points.
The DSE Shariah Index (DSES) also gained 9.39 points or 0.70 per cent to reach at 1,349 points till then.
Turnover, the important indicator of the market, stood at Tk 540 million when the report was filed at 10:45am.
Of the issues traded till then, 156 advanced, 30 declined and 32 remained unchanged.
LankaBangla Finance was the most traded stocks till then with shares worth BDT 34 million changing hands, closely followed by Unique Hotel BDT 31 million, Mercantile Bank BDT 25 million, Beximco BDT 24 million and Monno Ceramic BDT 20 million.
CHITTAGONG STOCK EXCHANGE
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till then with CSE All Share
Price Index- CASPI-advancing 44 points to stand at 17,748, also at 10:45am.
The Selective Category Index – CSCX –also gained 27 points to stand at 10,725 points till then.
Of the issues traded till then, 42 gained, 15 declined and 7 issues remained unchanged with BDT 18 million in turnover.
BBN/SSR/SR