Stocks rise on optimism over economic recovery
The total turnover at DSE trading floor stood at Tk102.74 crore in the first one and half hours
Indices of both stock exchanges witnessed positive trends in the first one and half hours of the trading session on Tuesday.
A top brokerage house in its review said investors kept on taking fresh positions at lowest possible prices following the current floor price system and growing optimism from ongoing earnings declarations.
Investors have regained their confidence as the economy is showing signs of gradual recovery as evident from the remittance hitting $1.36 billion in the first two weeks of July after the downward trend, and marginal improvement in banks' interest rate spread.
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In the first one and half hour session on the day, DSEX, the prime index of the Dhaka Stock Exchange (DSE), increased by 9.64 points – or 0.23 percent – to reach 4,079.
Moreover, the Shariah-based DSES index grew 3.20 points to settle at 947, and the blue-chip index DS30 rose by 5.85 points to stand at 1,370.
The DSE witnessed 41 percent growth in turnover during this period. The total turnover at DSE trading floor stood at Tk102.74 crore in the first one hour session till 12pm.
Out of the 329 issues traded during the same time frame, share prices of 114 companies advanced, those of 39 declined, and those of 176 remained unchanged.
The benchmark index CASPI at the Chattogram Stock Exchange (CSE) increased 26 points to close at 11,603.
