Bourses open week on upbeat note

Stocks witnessed an upward trend in early trading on Sunday as investors are showing a buying spree on sector-wise issues despite facing troubles due to the slow Dhaka Stock Exchange (DSE) website.

The DSE website has remained slow for the last three consecutive sessions due to its maintenance and upgradation work.

Investors and stockbrokers alleged in the morning that they were unable to access information on time for the last couple of days as the new website of the DSE was “very slow to load”.

Many investors complained that they do not see the share prices on time due to the problem of the website. But every second is very important in stock trading.

The prime bourse launched the new website on Tuesday last with a mobile view for the convenience of investors.

Following previous day’s sharp gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive trend on Sunday.

Within first 30 minutes of trading, the key index of the country’s prime bourse rose more than 34 points while the CSE All Share Price Index (CASPI) of the port city’s bourse gained 89 points at 10:30am when the report was filed.

DSEX, the prime index of the DSE, went up by 34.70 points or 0.72 per cent to reach 4,828 points at 10:30am.

Two other indices of the DSE also saw an upward trend till then. Of them, DS30 index, comprising blue chips, rose 15.66 points to reach 1,662 and the DSE Shariah Index (DSES) gained 12.30 points to reach 1,112 points till then.

Turnover, an important indicator of the market, stood at Tk 1.80 billion when the report was filed at 10:30am.

Of the issues traded till then, 223 advanced, 54 declined, and 50 remained unchanged.

Beximco was the most traded stocks till then with shares worth Tk 143 million changing hands, closely followed by IFIC Bank, LafargeHolcim, Beximco Pharma and Bangladesh Shipping Corporation.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw an upward trend till then with CSE All Share Price Index- CASPI-gaining 89 points to stand at 13,786, also at 10:30am.

The Selective Category Index – CSCX –also rose 54 points to stand at 8,320 points till then.

Of the issues traded till then, 56 gained, 17 declined, and 8 issues remained unchanged with Tk 30 million in turnover.