Stocks continue to ride despite selling pressure
DSEX rose by 8.49 points or 0.15% to 5,366 and CASPI climbed 57 points to 15,532 till 11:30am
Equity indices of both the stock exchanges witnessed upward shifts despite investors selling pressure in the first one-and-half-hour trading session on Wednesday.
According to market analysts, it is due to the institutional investors' active contribution that the stocks rally remained stable.
DSEX, the prime index of Dhaka Stock Exchange (DSE) rose by 8.49 points or 0.15% to 5,366 till 11:30am.
However, DSE Shariah-based DSES index slightly dropped by 0.67 points to 1,232, while the blue-chip index DS30 rose 10.90 points to 1,947.
Turnover, a major indicator of the market, on the Dhaka Stock Exchange (DSE) trading floor decreased by 6% to Tk484.47 crore in the corresponding period.
Out of the 359 issues traded during the same time frame, DSE had 130 gainers against 121 losers, while prices of 108 scrips remained unchanged.
Meanwhile, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) climbed 57 points to 15,532.
Of the total 206 issues traded till then, 88 gained, 76 declined, and 42 issues remained unchanged with Tk22.9 crore in turnover.
