The stock market opened with positive trends on Thursday with some volatility as investors were active on both sides of the trading fence.
Following the previous day’s sharp rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up 11.46 points or 0.17 per cent to stand at 6,559, after the first two hours of trading at 11:30am.
Two other indices also saw positive trends till then. The DS30 index, comprising blue chips, rose 11.25 points to reach 2,364 and the DSE Shariah Index (DSES) gained 1.07 points to 1,443.
Turnover, another important indicator of the market, stood at Tk 8.82 billion after two hours of trading.
Market insiders market witnessed some volatility as investors were active on both sides of the trading fence.
Most of the investors, however, kept their buying binge amid upcoming dividends expectations as they expect strong earnings for the companies whose financial year ended in June, said a merchant banker.
Of the issues traded till then, 122 advanced, 130 declined and 118 issues remained unchanged on the DSE trading floor.
Orion pharma became the most traded stock till then with shares worth Tk 1.20 billion changing hands.
The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—rising 22 points to stand at 19,218 while the Selective Categories Index – CSCX rose 13 points to reach 11,520, also at 11:30am.
Of the issues traded till then 59 advanced, 93 declined and 50 remained unchanged with a turnover of Tk 115 million till then.
