DSE, CSE post marginal gain at open

Stocks posted a modest gain in early trading on Sunday as bargain hunters are showing their buying interest on sector-wise issues amid expectations.

Following the previous week’s marginal gain, the Dhaka Stock Exchange (DSE) opened on a positive note with the key index rose more than 14 points within the first 15 minutes of trading.

After that it slowed down some extent. After 30 minutes of trading, the DSEX rose more than 9.0 points while the report was filed at 10:30 am.

DSEX, the prime index of the DSE, went up by 9.07 points or 0.18 per cent to reach 5,004 points at 10:30am.

The Shariah Index (DSES) also advanced 2.32 points to reach 1,128 points till then. However, the DS30 index, comprising blue chips, shed 1.0 point to reach at 1,709.

Turnover, another important indicator of the market, stood at Tk 1.48 billion when the report was filed at 10:30am.

Market operators said the investors went on buying binge on major sectors stocks owing to regulatory moves and interest rate cut on stock investment funds.

The investors’ expectation regarding the market remained positive as they kept on taking fresh positions in sector-wise stocks amid expectations of better return, said a merchant banker.

Of the issues traded till then, 173 advanced, 95 declined and 52 remained unchanged.

Rupali Life Insurance was the most traded stocks till then with shares worth Tk 113 million changing hands, closely followed by Beximco, Continental Insurance, Walton Hi-Tech Industries and Paramount Textile.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-gaining 6.25 points to stand at 14,293, also at 10:30am.

The Selective Categories Index – CSCX also rose 5.23 points to reach 8,580 till then.

Of the issues traded till then, 38 gained, 22 declined, and 16 issues remained unchanged with Tk 54 million in turnover.