Banks' Q1 earning reports jack DSE,CSE up

Posted by BankInfo on Thu, May 11 2017 12:39 pm

The prices of most of the shares on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed positive trend in early trading Thursday as investors took position on sector specific stocks.

Brokers said, first quarter (Q1) positive earning disclosures of some banks attracted investors. Six banks disclosed Q1 financial reports today (Thursday). Of them, earnings of five banks increased.

Following the previous session’s mild correction, the key index of the country’s prime bourse advanced 6.86 points while the Selective Category Index of port city bourse rose 25 points within first 30 minutes of trading at 11am.

DSEX, the prime index of the DSE went up by 6.86 points or 0.12 per cent to stand at 5,517.92 when the report was filed at 11:00am.

The DS30 index, comprising blue chips also advanced 4.12 points or 0.20 per cent to stand at 2,030.30 points. The DSE Shariah Index (DSES) gained 1.35 points or 0.10 per cent to reach at 1,275.79 points at 11:00am.

Turnover, the crucial indicator of the market, stands at Tk 1.90 billion on the DSE, when the report was filed at 11:00am.

Doreen Power topped the turnover chart with shares of Tk 213 million changing hands till then, followed by ONE Bank Tk 118 million, LankaBangla Finance Tk 88 million, Bangladesh Shipping Corporation Tk 78 million and IFAD Autos Tk 71 million.

Of the issues traded till then, 120 advanced, 94 declined and 49 issues remained unchanged till 11:00am.

The port city bourse, the Chittagong Stock Exchange (CSE), also saw positive trend till then with its Selective Category Index – CSCX – advancing 25 points to stand at 10,383, also at 11:00am.

Of the issues traded till then, 60 gained, 36 declined and 16 remained unchanged with a turnover value of Tk 43 million.

news:financial express/11-may-2017
Posted in Banking, News

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