Stocks on the Dhaka bourse witnessed an upward trend in the early trading on Thursday as bargain hunters were showing their buying appetite on sector-specific issues.
Following the previous day’s flat ending, the Dhaka Stock Exchange (DSE) opened on an upbeat note today amid low trading activities.
Within the first 30 minutes of trading, at 10:30am, the DSE key index gained more than 13 points.
DSEX, the benchmark index of the DSE, gained more than 29 points when the report was filed at 11:00am.
The prime index of the DSE went up by 29.71 points or 0.61 per cent to reach 4,868 points at that time.
Two other indices also saw positive trend till then. The DS30 index, comprising blue chips, gained 9.93 points to reach at 1,666 while the Shariah Index (DSES) rose 5.51 points to reach at 1,113 points till then.
Turnover, another important indicator of the market, stood at Tk 1.46 billion when the report was filed at 11:00am.
Market analysts said the bargain hunters showed their buying appetite on sector-wise issues as many stocks came to lucrative price levels after a recent correction.
Of the issues traded till filing of this report, 233 advanced, 55 declined and 56 remained unchanged.
The insurance sector continued to dominate the DSE turnover chart where Asia Pacific Insurance was the most traded stocks till then with shares worth Tk 89 million changing hands, closely followed by Bangladesh Submarine Cable, Beximco Pharma, National Tubes and Continental Insurance.