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Stocks opened higher on Tuesday with the key index crossing the 5200-mark in early trading as opportunistic investors continued taking positions in the sector-specific scrips in anticipation of quick gains.
The downbeat pressure has somewhat eased down following the DSE index rebalancing as investors expect a cushion to the ailing market while some insurance stocks gained some momentum owing to the buying appetite of short-term gain-focused investors.
Following the previous day’s rise rise, the prime index of the Dhaka Stock Exchange (DSE), went up by 26 points or 0.49 per cent to 5,121 at 11:00 am, when the report was filed.
The DS30 index, a group of 30 prominent companies, also gained 10 points to 1,933 while the DSES index, which represents Shariah-based companies, rose 7 points to 1,178.
Turnover, another important indicator of the market, stood at Tk 1.86 billion till then.
Of the issues traded till then, 256 advanced, 66 declined, and 61 issues remained unchanged on the DSE trading floor till then.
Orion Infusion was the most traded stock with shares worth Tk 151 million changing hands.
The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 35 points to 14,484 while the Selective Categories Index – CSCX rose almost 18 points to 8,809 till then.