The stock market witnessed an upward trend at opening on Wednesday as bargain hunters went on buying spree on selective issues.
Following the previous day’s modest gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 18.25 points or 0.28 per cent to stand at 6,555, after the first two hours of trading at 11:30am.
The DS30 index, comprising blue chips, also gained 8.92 points to reach 2,362 and the DSE Shariah Index (DSES) rose 5.86 points to 1,433.
Turnover, another important indicator of the market, stood at Tk 6.18 billion after two hours of trading.
Market insiders and the bargain hunters went on a buying spree on major sector stocks.
Of the issues traded till then, 138 advanced, 96 declined, and 125 issues remained unchanged on the DSE trading floor.
Orion pharma became the most traded stock till then with shares worth Tk 576 million changing hands.
The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 0.91 points to stand at 19,233 while the Selective Categories Index – CSCX rising 0.57 points to reach 11,529 also at 11:30am.
Of the issues traded till then 61 advanced, 64 declined and 54 remained unchanged with turnover of Tk 85 million till then.