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The Financial Express

Stocks open marginally higher after two-day slump

| Updated: December 16, 2021 10:06:32


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 marginally higher on Tuesday, after a two-day slump, as bargain hunters were showing their buying interest on sector-wise issues.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by19.60 points or 0.28 per cent to stand at 6,901, after the first hour of trading at 11:00 am.

Two other DSE indices also saw positive trends till then. The DS30 index, comprising blue chips, advanced 6.25 points to stand at 2,591 and the Shariah Index (DSES) rose 3.72 points to stand at 1,464 till then.

Turnover, another important indicator of the market, stood at Tk 1.95 billion within the first hour of trading at 11:00 am.

Market insiders said, investors showed their buying spree riding on the news that the stock market regulator asked the stocks exchanges to be enlisted on the country’s stock market soon.

Of the issues traded till then, 240 advanced, 66 declined and 51 issues remained unchanged on the DSE trading floor.

Olympic Industries was the most traded stock till the filing of this report with shares worth Tk 144 million changing hands, closely followed by Genex Infosys, ONE Bank, Sena Kalyan Insurance and GSP Finance.

However, the Chittagong Stock Exchange also opened lower with its All Shares Price Index (CASPI)—losing 12 points to stand at 20,138 while the Selective Categories Index – CSCX shedding 12 points to reach 12,099, also at 11:00 am.

Of the issues traded till then, 50 advanced, 42 declined and 17 remained unchanged with Tk 45 million in turnover.

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