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Dhaka stocks opened higher on Sunday as bargain hunters favoured taking positions in potentially lucrative shares while the port city bourse saw a downward trend in early trading amid selling pressure.
The DSE opened higher aided by the price appreciation of particular large-cap scrips, as opportunistic investors outnumbered on the trading floor and aimed their buying interest in anticipation of quick gains.
Following the previous day’s rise, the prime index of the Dhaka Stock Exchange (DSE), went up by 37 points, or 0.71 per cent to 5,221 at 11:00am, when the report was filed.
The DS30 index, a group of 30 prominent companies, gained 13 points to 1,940 while DSES index, which represents Shariah-based companies, rose 8 points to 1,174.
Turnover, another important indicator of the market, stood at Tk 933 million till then.
Of the issues traded till then, 282 advanced, 31 declined, and 54 issues remained unchanged on the DSE trading floor till then.
Bangladesh Spinning Corporation was the most traded stock, with shares worth Tk 89 million changing hands.
The Chittagong Stock Exchange saw a downward trend till then with its All Shares Price Index (CASPI)—losing 98 points to stand at 14,337 while the Selective Categories Index – CSCX lost 66 points to 8,727 till then.
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