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Stocks opened higher on Monday with modest volatility, as optimistic investors continued to bet on lucrative large-cap shares in anticipation of short-term gain.
Market operators said the buyers remained predominant as bargain hunters continued taking positions in the potentially lucrative shares.
Price hikes of large-cap stocks such as Power Grid, BAT Bangladesh, United Power, ICB and Unilever Consumer Care mostly contributed to the market upturn as they jointly accounted for around 12 points rise of the index at opening.
As a result, DSEX, the Dhaka Stock Exchange (DSE) went up by 15 points or 0.26 per cent to 5,707, after the first hour of trading at 11:00 am, when the report was filed.
The blue-chip index DS30, a group of 30 prominent companies, saw a more than 1 point jump to 2034 while the DSES Index, which represents Shariah-based companies, gained more than 5 points to 1,255 till then.
Turnover, a crucial indicator of the market, stood at Tk 3 billion after the first hour of trading.
Of the issues traded, 220 advanced, 98 declined and 60 remained unchanged till then.
The Chittagong Stock Exchange (CSE) also opened high with the CSE All Share Price Index – CASPI –gaining 33 points to 16265, also at 11:00 am.