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Stocks opened higher on Thursday as bargain hunters are taking positions on lucrative stocks amid favourable earnings declarations.
Markets operators said optimistic investors are active in the market riding on higher earnings declarations and regulatory efforts to bring back stability in the market.
Meanwhile, finance adviser Salehuddin Ahmed held a meeting with the securities regulator on Wednesday to support the liquidity and promise to give stimulus, which also boosted investors' confidence.
Following the previous two days' big recovery, the prime index of the Dhaka Stock Exchange (DSE), went up by 46 points, or 0.89 per cent, to 5,210 at 11:00 am when the report was filed.
After recent major corrections, the stock price may have come down to a lucrative price level, which also prompted investors to go on a buying spree.
The DS30 index, a group of 30 prominent companies, gained 17 points to 1,932 while DSES index, which represents Shariah-based companies, rose 8 points to 1,144.
Turnover, another important indicator of the market, stood at Tk 2.08 billion till then.
Of the issues traded till then, 288 advanced, 68 declined, and 35 issues remained unchanged on the DSE trading floor till then.
BSC was the most traded stock till then, with shares worth Tk 198 million changing hands following healthy earnings news.
The Chittagong Stock Exchange saw an upward trend till then with its All Shares Price Index (CASPI)—gaining 35 points to stand at 14,382 while the Selective Categories Index – CSCX rose 26 points to reach 8,747 till then.
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