Stocks open post-Eid session higher

The prices of most of the shares on both bourses witnessed an upward trend in early hour of trading Sunday, the opening session after Eid holiday, as investors were showing their buying appetite on sector-wise issues.

Trading and official activities on the bourses remained closed for nine days from August 9 to August 17, including weekly holidays, on the occasion of Eid-ul-Azha.

The presence of investors on the DSE trading floor, however, was comparatively thin as many investors are yet to return in the capital.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse advanced more than 18 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 42 points at 10:45am.

After 30 minutes of trading, DSEX advanced more than 8.0 points while CASPI of Chattogram bourse gained 50 points at 11:00am when the report was filed.

The DSEX went up by 8.27 points or 0.16 per cent to stand at 5,209 points at 11:that time.

The DS30 index, comprising blue chips advanced 0.45 points or 0.05 per cent to 1838 points.

The DSE Shariah Index (DSES) also gained 2.64 points or 0.27 per cent to stand at 1,194 points till then.

Turnover, the important indicator of the market, stood at Tk 495 million when the report was filed.

Of the issues traded till then, 165 advanced, 60 declined, and 60 remained unchanged.

Khulna Power Company was the most traded stocks till filing of this report with shares worth Tk 77 million changing hands, followed by United Power, JMI Syringes, Monno Ceramic Industries and Coppertech Industries.

The Chittagong Stock Exchange (CSE) also saw a positive trend till then with the CASPI gaining 50 points to stand at 15,946 points, also at 11:00am.

The Selective Category Index (CSCX)  also rose 29 points to stand at 9,689 points till then.

Of the issues traded till then, 45 advanced, 17 declined, and 10 remained unchanged with Tk 26 million in turnover.