** Mushfiqur smashes another ton vs Sri Lanka ** Croplands inundated in Faridpur as major rivers swell ** Global Covid cases near 528 million ** Strengthening of taka artificially may leave an adverse impact on macro economy: Experts ** China bars ministers and senior officials from owning assets abroad directly or through spouses and children ** Sylhet: Flood-hit city dwellers suffer crisis of gas, power and safe drinking water ** Graft case: Haji Salim denied bail; sent to jail ** Global Covid cases top 527 million ** Call it national government, call it emergency government – but the need for change is urgent ** Rains lash Dhaka, trigger snarls ** Global Covid cases near 527 million ** No advice to be economical, honest people are already in hardship ** Flooding affects millions in Sylhet ** India, Bangladesh train services to resume shortly ** Global Covid cases near 526 million ** Gridlocks greet capital commuters ** Consumers buying rice from a Food Directorate's Truck posted at Abdul Gani road in the capital on Thursday amid soaring prices of essential commodities. NN photo ** Is Bangladesh heading toward a Sri Lanka-like crisis? ** Veteran journalist Abdul Gaffar Chowdhury no more ** Averting currency crisis without power sector reform ** Boatmen struggle to cross the Buriganga River as water hyacinths cover part of the river near Islampur in the capital. NN photo ** Nasir, two others indicted in Pori Moni case ** Covid-19: Bangladesh logs 22 new cases, no death ** HC cancels bail of expelled JL leader Samrat ** Truck-microbus collision leaves 2 dead in Natore **

Union Bank makes flying trade debut

27 January 2022

Business Desk :
Stocks opened on a positive note on Wednesday as the buoyant investors put fresh bets on large-cap issues, beating the virus worries.
Following the previous day's upbeat trend, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 10.10 points or 0.14 per cent to stand at 7,042, after the first hour of trading at 11:00am. Two other indices also saw positive trends till then. The DS30 index, comprising blue chips, gained 0.57 points to reach 2,613 points and the Shariah Index (DSES) advanced 2.44 points to stand at 1,507. Meanwhile, Union Bank, a fourth generation private commercial bank, made a flying trading debut on Wednesday as its shares halted at 10 per cent upper limit circuit breaker after a few minutes  of trading.
Some 47 trades were executed at the DSE with a total of 34,677 shares changing hands after the first hour of trading as most of the IPO shareholders were unwilling to sell their stakes hoping for higher profit in future.
Market analysts said the optimistic investors are putting fresh funds on sector specific stocks ahead of the upcoming earnings declaration. Turnover, another important indicator of the market, stood at Tk 2.64 billion within the first hour of trading at 11:00am. Of the issues traded till then, 193 advanced, 104 declined and 67 issues remained unchanged on the DSE trading floor till then.

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