Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Stocks witnessed a positive trend in the early hours of trading on Wednesday amid cautious trading as bargain hunters went on buying selective blue chip stocks.
After hitting a fresh three-year low on the previous day, the market opened higher, and after the first two hours of trading, the key index of the Dhaka Stock Exchange (DSE) went up by 6.42 points, or 0.11 per cent to 5,640 at 12:00 noon, when the report was filed.
The price surge of Kohinoor Chemicals, Grameenphone, Unilever Consumers Care, Beacon Pharma, and ADN Telecom helped the market index up.
The blue-chip index DS30, a group of 30 prominent companies, advanced 14 points to 1994 while the DSES Index, which represents Shariah-based companies, also gained 7 points to 1,243 till then.
Turnover, a crucial indicator of the market, remained low and amounted to Tk 2.90 billion after the first hours of trading.
Of the issues traded, 187 advanced, 124 declined and 74 remained unchanged till then.
The Chittagong Stock Exchange (CSE), however, opened lower with the CSE All Share Price Index – CASPI –losing 73 points to 16,080, also at 12:00 noon.