Stocks opened higher on Thursday as bargain hunters showed their buying interest in lucrative issues after recent price erosion.
Following the previous day’s modest gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 32.63 points or 0.51 per cent to stand at 6,350, after the first hour of trading at 11:00 am.
Two other DSE indices also saw modest gain till then with the DS30 index, comprising blue chips, gaining 12.87 points to reach 2,306 and the Shariah Index (DSES) rose 4.80 points to 1,386.
Turnover, another important indicator of the market, stood at Tk 1.45 billion at 11:00 am.
Market analysts said some of the investors preferred to book profit while the others took the opportunity of buying stocks at lucrative prices.
Of the issues traded till then, 253 advanced, 62 declined and 59 issues remained unchanged on the DSE trading floor.
Titas Gas was the most traded stock till the filing of this report with shares worth Tk 158 million changing hands, followed by Shinepukur Ceramics, Beximco, Power Grid Company and JMI Hospital Requisite.
The Chittagong Stock Exchange also opened marginally higher with its All Shares Price Index (CASPI)—rising 61 points to stand at 18,663 while the Selective Categories Index – CSCX – gained 36 points to reach 11,188, also at 11:00 am.
Of the issues traded till then, 86 gained 29 declined and 26 remained unchanged with Tk 27 million.