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Stocks opened marginally higher on Sunday as bargain hunters are showing their buying interest on sector-wise issues based on largest corporate declarations.
Following the previous day’s modest rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 10.64 points or 0.15 per cent to stand at 7,073 points within the first hour of trading at 11:00am.
Market insiders said investors are optimistic and taking positions on stocks, particularly in banking sector issues based on latest quarterly earnings declarations.
The DS30 index, comprising blue chips, also gained 9.56 points to stand at 2,648 at 11:00am and the Shariah Index (DSES) rose 1.26 points to stand at 1,480 points till then.
Turnover, another important indicator of the market, stood at Tk 4.82 billion within the first hour of trading at 11:00am.
Of the issues traded till then, 196 advanced, 132 declined and 40 issues remained unchanged on the DSE trading floor till then.
Beximco was the most traded stock till then with shares worth Tk 365 million changing hands, closely followed by IFIC Bank, Saif Powertec, Malek Spinning Mills, and Fortune Shoes.
The Chittagong Stock Exchange also opened on a positive trend with its All Shares Price Index (CASPI) gaining 25 points to stand at 20,654, while the Selective Categories Index (CSCX) advanced 16 points to reach 12,409, also at 11:00am.
Of the issues traded till then 91 advanced, 72 declined and 15 remained unchanged with Tk 124 million in turnover.
(FE)
