Stocks keep upturn amid fluctuation

The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) continued with uptrend after two hours on Tuesday amid choppy trading, the third session of the week. Brokers said the market witnessed some volatility as a group of investors booked profit while some rebalanced their portfolios ahead of the 2015-2016 budget to be announced on Thursday. After the first two hours trading, DSEX, the prime index of the DSE, stood at 4,639.49 points, gaining 16 points or 0.34 per cent, when the report was filed at 12:30pm. The DS30 index, comprising blue chips, rose 8.75 points or 0.49 per cent to 1,774.71. The DSE Shariah Index (DSES) advanced 5.95 points or 0.53 per cent to stand at 1,124.70 points. DSE turnover stood at Tk3.86 billion after two hours trading when the report was filed. Of the issues traded till then, 117 advanced, 121 declined and 55 remained unchanged. Summit Power was the most traded stocks with shares worth Tk417 million changing hands till then followed by KPCL, Shasha Denim, BSCCL and Saif Powertec. The port city bourse – CSE— also saw positive trend with its Selective Category Index -- CSCX – gaining 42 points to 8,711.80, also at 12:30pm. Of the issues traded till then, 86 gained, 75 declined and 25 issues remained unchanged with a turnover value of Tk288m.