Stocks open higher on Tuesday, after a single-day break, as the bargain hunters showed their buying binge in sector-wise issues.
The market opened higher a day after a meeting was held between International Monetary Fund (IMF) and Bangladesh Securities and Exchange Commission (BSEC).
A rumour was spread in the market that the floor price would be lifted to secure the loan. The IMF has, however, insisted on automation in every sphere of the stock market as it will reduce time and costs for stakeholders.
But the IMF team did not raise the issue of lifting floor prices.
Following the previous day’s fall, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 18.13 points or 0.28 per cent to 6,411, after the first hour of trading at 10:30 am.
Two other DSE indices also saw a positive trend till then. The DS30 index, comprising blue chips, gained 1.64 points to 2,247 and the DSE Shariah Index (DSES) rose 0.60 points to 1,401.
Turnover, another important indicator of the market, stood at Tk 4.86 billion after the first hour of trading at 10:30 am.
Most of the traded issues remained unchanged due to the ‘floor price’ restriction. Of the issues traded, 105 advanced, 41 declined and 164 issues remained unchanged on the DSE floor.
Genex Infosys was the most traded stock till the filing of this with shares worth Tk 486 million changing hands as the company just signed a business deal with the National Board of Revenue.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—gaining 57 points to stand at 18,937 while the Selective Categories Index – CSCX – rose 35 points to reach 11,349, also at 10:30 am.
Of the issues traded till then, 55 gained, 24 declined and 74 remained unchanged with Tk 88 million.
