Stocks open with positive note

The prices of most of the stocks on both bourses - Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-- witnessed positive trend in early hours of trading Tuesday amid uncertainties in political arena. However, the presence of investors on the trading floor is very low because of ongoing blockade along with countrywide hartal enforced by BNP-led opposition alliance. After 30 minutes of trading, the prime index of the DSE - DSEX-- went up by 27.96 points 0r 0.65 per cent to stands at 4,324.30 points when the report was filed at 11am. The DS30 index, comprising blue chips also advanced 8.66 points or 0.57 per cent to reach at 1,514.69 points. The turnover value stands at Tk 530 million on DSE floor when the report was filed at 11am. Of the issues traded, 166 gained, 20 declined and 3 remained unchanged. Summit Purbanchol Power Company is the most traded stocks with shares worth Tk 34.06 million changing hands till then followed by Golden Son, LankaBangla Finance, Mercantile Bank and Singer Bangladesh. Among the major sectors – telecommunications, pharmaceuticals and fuel & power are showing upward trend while banks and NBFIs showing mixed trend. The port city bourse - CSE-- also witnessed positive trend at opening and its Selective Category Index - CSCX gained 36.10 points or 0.42 per cent to stand at 8,472.20 points, also at 11am. Of the issues traded till then, 64 gained, 8 declined and 19 remained unchanged with a turnover value of Tk 47.21 million.