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2019-09-08 12:27:19 BdST

Dhaka, Chattogram stocks witness upturn in early trading

Stocks witnessed upward trend in early hour of trading on Sunday as bargain hunters showed their appetite on sector-wise issues amid dividend expectation.

Following the previous week’s correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw positive trend in early trading, but trading activities remain low.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 25 points while the CSE All Share Price Index of port city’s bourse rose 10 points at 10:45am.

After 30 minutes of trading, DSEX gained more than 33 points while the CSE All Share Price Index of the port city’s bourse rose 26 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 33.68 points or 0.67 per cent to stand at 5,046 points at 11:00am.

The DS30 index, comprising blue chips, also rose 9.0 points to 1767 points and the DSE Shariah Index (DSES) gained 7.08 points to stand at 1,174 points till then.

Turnover, an important indicator of the market, stood at Tk 641 million when the report was filed at 11:00am.

Of the issues traded till then, 193 advanced, 40 declined and 37 remained unchanged.

National Tubes was the most traded stocks till then with shares worth Tk 214 million changing hands, followed by Stylecraft, Monno, Monno Ceramic, Monno Jute Stafflers and Bangas.

The port city’s bourse – the Chittagong Stock Exchange (CSE)–  also saw positive trend till then with CSE All Share Price Index- CASPI-advancing 26 points to stand at 15,290 points, also at 11:00am.

The Selective Category Index – CSCX – also gained 17 points to stand at 9,283 points till then.

Of the issues traded till then, 41 advanced, 17 declined 11 remained unchanged with Tk 13 million in turnover.

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