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Stocks opened higher on Wednesday, as optimistic investors put fresh funds into lucrative bank shares in anticipation of short-term gain.
Islami Bank, Brac Bank and Social Islami Bank topped gainer and turnover lists till then.
Following the previous two days' rise, the prime index of the Dhaka Stock Exchange (DSE), went up by 58 points or 0.99 per cent to 5,835 within the first hour of trading at 11:00 am, when the report was filed.
The blue-chip DS30 index, a group of 30 prominent companies, also gained 19 points to 2,128 and the DSES index, which represents Shariah-based companies, rose 21 points to 1,309 till then.
Turnover, another important indicator of the market, stood at Tk 2.08 billion till then.
Of the issues traded till then, 144 advanced, 173 declined, and 63 issues remained unchanged on the DSE trading floor till then.
Brac Bank was the most traded stock till then with shares worth Tk 276 million changing hands, closely followed by Islami Bank, GP, SIBL and IBN Sina.
The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 31 points to stand at 16,207 while the Selective Categories Index – CSCX gained 23 points to reach 9,794 till then.