Stocks opened on higher on Tuesday, after free-fall in the past two days, as bargain hunters were active on lucrative issues.
Meanwhile, a four-day long roadshow titled “Rising of Bengal Tiger: Potentials of Bangladesh Capital Markets”, to attract foreign investors and non-resident
Bangladeshis (NRBs) to the country’s stock market begins today (Tuesday) at Dubai in UAE.
The stock market regulator - Bangladesh Securities and Exchange Commission (BSEC) is organizing the roadshow for the first of its kind outside the country.
Following the previous two days’ big fall, the Dhaka Stock Exchange and the Chittagong Stock Exchange opened on a high note amid renewed optimism.
After the first hour into trade, DSEX soared more than 83 points while the CSE All Share Price Index (CASPI) of port city’s bourse jumped 191 points at 11:00 when the report was filed.
DSEX, the prime index of the DSE, went up by 83.20 points or 1.54 per cent to stand 5,459 points till then.
Two other indices also saw upward trends till then. The DS30 index, comprising blue chips gained 42.33 points to reach at 2,065 points and the Shariah Index (DSES) rose 16.49 points to stand 1,231 points till then.
Turnover, another important indicator of the market, stood at Tk 2.65 billion within the first hour of trading at 11:00 am.
Market operators said bargain hunters showed their buying appetite on sector-specific issues which saw price erosion in the past two trading sessions.
Of the issues traded till then, 208 advanced, 18 declined and 72 remained unchanged.
Beximco - the flagship company of Beximco Group- was the most traded stock till then with shares worth Tk 418 million changing hands, followed by Beximco Pharma, ROBI, BATBC, and LankaBangla Finance.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw a sharp rise with CSE All Share Price Index- CASPI- soaring 191 points to stand at 15,711, also at 11:00 am.
Of the issues traded till then, 57 gained, 18 declined, and 17 issues remained unchanged with Tk 68 million in turnover.
