Stocks opened marginally higher on Sunday as the investors are putting fresh bets on lucrative issues.
Following the previous week’s upturn, DSEX, the prime index of the DSE, went up by 11.15 points or 0.18 per cent to stand at 6,252, after the first hour of trading at 11:00am.
Two other indices saw positive trends till then. The DS30 Index, which consists of the blue-chip companies, rose 2.20 points to 2,222 while the DSES Index, which represents Shariah-based companies, gained 1.03 points to 1,367.
Turnover, another important indicator of the market, soared to Tk 2.80 billion after first hour of trading.
Market operators said the investors’ confidence boosted to some extent amid continuous declining trend of fuel price in the global markets as well as the slight stability in the foreign exchange market due to the central bank’s steps.
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, 162 advanced, 101 declined and 98 issues remained unchanged on the DSE trading floor.
Bangladesh Shipping Corporation was the most traded stock till then with shares worth Tk 310 million changing hands, closely followed by Beximco, LafargeHolcim, Malek Spinning Mills and paramount Textile.
The Chittagong Stock Exchange also saw an upward trend till then with its All Shares Price Index (CASPI)—rising 26 points to stand at 18,395 while the Selective Categories Index – CSCX rose 16 points to reach 11,021, also at 11:00am.
Of the issues traded till then 59 advanced, 38 declined and 42 unchanged with turnover of Tk 63 million till then.
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