Stocks inch up despite investors' selling pressure
Stocks
Equity indices of both the stock exchanges moved upwards despite investors' selling pressure to book quick profit during the first hour of the trading session on Monday.
DSEX, the key index of the Dhaka Stock Exchange (DSE), rose by 0.23% or 12.64 points to 5,344 till 11 am.
Turnover, one of the major indicators, on the Dhaka Stock Exchange (DSE) trading floor rose by 8% to Tk273.48 crore during the session.
Beximco Limited secured the apex position on the turnover chart at DSE.
Out of the 331 issues traded during the same time frame, DSE had 112 gainers against 125 losers, while prices of 84 scrips remained unchanged due to selling pressure.
In the sector-wise performance, bank shares have lost prices ahead of their annual earnings disclosure, while most of the insurance companies have continued their gaining streak for the last several days.
Meanwhile, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) gained 54 points to 15,459.
Comments
While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.