Stocks open positive amid virus scare
DSE witnessed low turnover in the corresponding period as it stood at Tk72.74 crore till 12:00pm
The stock markets today traded in the green at opening after five days of continuous fall, despite the looming economic uncertainty caused by the global coronavirus pandemic.
During an online meeting on July 18, BSEC Chairman Professor Shibli Rubayat-Ul-Islam said, "13 out of five dozen banks have their board approval to form the special fund for capital market investment as prescribed by the central bank."
A brokerage firm official said, "The declaration by the BSEC chairman has boosted the confidence level of the investors, especially when the market is suffering from a liquidity crisis."
In the first one-and-half-hour session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), gained 4.75 points – or 0.11 percent - to reach at 4,055.
Moreover, the Shariah-based DSES index grew 1.43 points to settle at 940, and the blue-chip index DS30 onward by 4.77 points to stand at 1,361.
However, DSE witnessed low turnover in the corresponding period. The total turnover at DSE trading floor stood at Tk72.74 crore till 12:00pm.
Out of the 279 issues traded during the same time frame, 87 company's share prices advanced, 33 declined, and 159 remained unchanged.
Meanwhile, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) has increased 22 points to close at 11,536.
