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The Financial Express

Stocks open higher after two-day corrections

| Updated: September 06, 2022 13:35:51


Investors monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files Investors monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files

Stocks opened on a positive note on Tuesday after two-day corrections as the investors showed buying interest in lucrative issues.

Following the previous day’s correction, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up 30.74 points or 0.48 per cent to stand at 6,462, after the first hour of trading at 10:30 am.

Two other DSE indices also saw positive trends till then. The DS30 index, comprising blue chips, rose 15.78 points to finish at 2,301 and the DSE Shariah Index (DSES) gained 11.76 points to close at 1,416.

Turnover, another important indicator of the market, stood at Tk 3.46 billion after the first hour of trading.

Market analysts said the investors showed their buying interest in lucrative issues after two-day corrections.

Of the issues traded till then, 183 advanced, 75 declined and 99 issues remained unchanged on the DSE trading floor.

Nahee Aluminum Composite Panel was the most traded stock till the filing of this report with shares worth Tk 224 million changing hands.

The Chittagong Stock Exchange also rose till then with its All Shares Price Index (CASPI)—rising 27 points to stand at 18,930 while the Selective Categories Index – CSCX – rose 16 points to reach 11,346, also at 10:30 am.

Of the issues traded till then, 57 declined, 34 advanced, and 27 remained unchanged with a turnover of Tk 53 million.

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