Stocks inch up as most companies post growth
The insurance and textile sector saw share prices hike amid the declaration of quarterly financial results
Equity indices of both the stock exchanges witnessed upward trends amid investors' increased participation to buy shares in the first hour of the trading session on Sunday.
According to market analysts, most of the companies posted positive financial growth during the third quarter despite pandemic blows. This is the reason why investors have been feeling confident to buy shares in optimism of capital gain.
During this session, DSEX, the key index of the Dhaka Stock Exchange (DSE), rose by 0.62% or 34 points to 5,513.
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DSE turnover, a major market indicator, surges by 21% to Tk621.33 crore in the corresponding period.
DSE had 186 gainers against 85 losers, while prices of 71 scrips remained unchanged till 11 am. Beximco Limited secured the apex position on the DSE turnover chart.
Meanwhile, Padma Life Insurance shares saw the highest jump on the DSE trading floor today. The company's share prices jumped by 18% to Tk21.8 crore as the company declared 2% interim cash dividend to the shareholders for the first quarter. It, however, did not recommend any dividend for the last financial year.
Besides, the insurance and textile sector saw share prices hike amid the declaration of quarterly financial results.
The benchmark index CASPI at the Chittagong Stock Exchange (CSE) gained by 71 points to 15,916 till 11:00 am.
