DSE, CSE rise sharply after strikes

The country's two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – rose sharply in the early hours of trade on Tuesday, the week’s 3rd session, following gains in the last two days amid nationwide general strike. DSEX, the prime index of the DSE, went up by 52.23 points or 1.06 per cent to 4,976.76 after the 1st 30 minutes of trade when the report was filed at 11:05am. The DS30 index, comprising blue chips, gained 14.44 points or 0.76 per cent to 1,903.70 and the DSE Shariah Index (DSES) advanced 8.11 points or 0.70 per cent to reach 1,157.70 points. DSE turnover stood at Tk 1.40 billion when the report was filed at 11am. Of the issues traded till then, 150 advanced, 36 declined and 21 remained unchanged. MJL BD was the most traded stocks with shares worth Tk 186 million changing hands till then followed by Peoples Leasing, United Airways, BSRM Steels and Beximco. The port city bourse, CSE, also saw positive trend in early hour with its Selective Category Index – CSCX – gaining 72.39 points to reach 9,352.29, also at 11am. Of the issues traded till then, 65 advanced, 31 declined and 9 remained unchanged with a turnover value of Tk 82 million.