DSE, CSE see steep rise at opening

 FE Online Report

he country’s two bourses saw sharp rise in early hours of trading on Thursday, the 1st trading session of the New Year (2015) and the last one of the week that began on Sunday (Dec 28, 2014). The regulator – Bangladesh Securities and Exchange Commission (BSEC) – on Wednesday offered share netting facility for the same security and extended the deadline to provision unrealised losses of commercial banks and stock brokers, which encouraged investors, brokers said. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 50.23 points or 1.03 per cent to 4,915.20 after the 1st 30 minutes of trade when the report was filed at 11am. The other two indices saw upward trend. The DS30 index, comprising blue chips, gained 21.10 points or 1.17 per cent to 1,824.17. The DSE Shariah Index (DSES) rose 12.79 points or 1.11 per cent to stand at 1,163.01 points. DSE turnover stood at Tk 246 million when the report was filed at 11am. Of the issues traded till then, 144 advanced, 46 declined and 29 remained unchanged. Lafarge Surma Cement was the most traded stocks with shares worth Tk 36.96 million changing hands till then followed by Agni Systems, Keya Cosmetics, NBL and AB Bank. The Chittagong Stock Exchange (CSE) also saw positive trend in early hour with its Selective Category Index – CSCX – gaining 51.67 points to 9,110.02, also at 11am. Of the issues traded till then, 54 gained, 18 declined and 9 remained unchanged with a turnover value of Tk 25m.
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