Stocks see sharp rise at opening

The prices of most of the stocks on both bourses - Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)- rallied in early hours of trading Thursday, maintaining the previous session’s uptrend despite prevailing uncertainties in political arena. After 30 minutes of trading, the prime index of the DSE - DSEX-- went up by 37.19 points 0r 0.84 per cent to stands at 4,428.46 points when the report was filed at 11am. The DS30 index, comprising blue chips also advanced 16.84 points or 1.09 per cent to reach at 1,560.31 points. The turnover value stands at Tk 642 million on DSE floor when the report was filed at 11am. Of the issues traded, 169 gained, 16 declined and 14 remained unchanged. Summit Purbanchol Power is the most traded stocks with shares worth Tk 63.75 million changing hands till then followed by BD Building, Meghna Petroleum, Golden Son and Square Pharma. All the major sectors - telecommunications, pharmaceuticals and fuel & power, banks and NBFIs are showing upward trend. The port city bourse - CSE also witnessed positive trend at opening and its Selective Category Index - CSCX-- gained 45.45 points or 0.52 per cent to stand at 8,661.38 points, also at 11am. Of the issues traded till then, 68 gained, 10 declined and 13 remained unchanged with a turnover value of Tk 64 million.