Bourses open higher amid low turnover

FT ONLINE

Stocks witnessed positive trend in early hours of trading on Monday as some investors are showing their buying appetite on sector-wise issues.

Following the previous seven days’ fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on a positive note, but trading activities remain low.

After 30 minutes of trading, DSEX advanced more than 26 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 24 points at 11:00 am when the report was filed.

DSEX, the prime index of the DSE, went up by 26.56 points or 0.60 percent to stand 4,436 points at 11:00 am.

Two other indices also saw positive till then. The DS30 index, comprising blue chips, gained 6.52 points to reach at 1,481 and the DSE Shariah Index rose 3.0 points to stand at 1,031 points till then.

Turnover, the important indicator of the market, stood at Tk 798 million on DSE when the report was filed at 11:00 am.

Central Pharma was the most traded stocks till then with shares worth Tk 59 million changing hands, closely followed by Far Chemical, Indo-Bangla Pharma, Orion Infusion and Golden Harvest Agro Industries.

Of the issues traded till then, 212 advanced, 49 declined and 38 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – also saw a positive trend till then with CSE All Share Price Index- CASPI-advancing 24 points to stand at 13,543 points, also at 11:00 am.

The Selective Category Index – CSCX – also gained 14 points to stand at 8,212 points till then.

Of the issues traded till then, 38 advanced, 24 declined and 10 issues remained unchanged with Tk 18 million in turnover.