Stocks opened higher on Monday as the buoyant investors continued their buying interest in sector-wise issues anticipating positive momentum ahead.
Following the previous day’s upturn, DSEX, the prime index of the DSE, went up by 33.52 points or 0.53 per cent to stand at 6,293, after the first hour of trading at 11:00 am.
Two other indices saw positive trends till then. The DS30 index, comprising blue chips, advanced 8.38 points to finish at 2,234 and the DSE Shariah Index (DSES) gained 6.06 points to close at 1,378.
Turnover, another important indicator of the market, soared to Tk 3.98 billion after the first hour of trading.
Market operators said investors got a sign of relief due to the Bangladesh Bank’s attempt to curb the dollar price volatility and the government’s announcement to adjust the fuel prices according to the global markets.
The Bangladesh bank tightened the spread between the buying and selling rates of the US dollar to curb the currency volatility.
Of the issues traded till then, 214 advanced, 61 declined and 94 remained unchanged on the DSE trading floor.
Beximco was the most traded stock till then with shares worth Tk 219 million changing hands, closely followed by Bangladesh Shipping Corporation and LafargeHolcim.
The Chittagong Stock Exchange also saw an upward trend till then with its All Shares Price Index (CASPI)—rising 67 points to stand at 18,457 while the Selective Categories Index – CSCX rose 41 points to reach 11,059, also at 11:00 am.
Of the issues traded till then, 86 advanced, 31 declined and 60 remained unchanged with a turnover of Tk 55 million.
