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The market opened sharply higher on Monday with the key index of the Dhaka Stock Exchange (DSE) crossing the 6,100-mark in early trading as investors are showing buying spree on major sector issues.
Following the previous day’s marginal gain, the market opened sharply higher and the DSEX, the prime index of the DSE, went up by 52.45 points or 0.86 per cent to reach 6,121 within the first 30 minutes of trading when the report was filed at 10:30 am.
Two other indices also rose at opening with the DS30 index, comprising blue chips, gained 11.53 points to reach 2,218 and the Shariah Index (DSES) rose 10.94 points to stand at 1,307 till then.
Turnover, another important indicator of the market, stood at Tk 3.42 billion within the first 30 minutes of trading at 10:30 am.
Market analysts said enthusiastic investors put fresh bets on sector-specific issues as the securities regulator lifted floor prices of all listed securities.
The last minute rush to take the advantage of whitening black money through investment in the capital market by this month might also have a contribution to push up the market, they said.
Of the issues traded till then, 268 advanced, 41 declined and 31 remained unchanged on the DSE trading floor till then.
SK Trims and Industries was the most traded stock till the filing of this report with shares worth Tk 222 million changing hands, closely followed by National Feed Mills, Beximco, Makson Spinning, and Intraco Refueling Stations.
The port city bourse – the Chittagong Stock Exchange – (CSE) also opened higher with CSE All Share Price Index- CASPI-gaining 80 points to stand at 17,663, while the Selective Categories Index – CSCX rising 46 points to reach 10,630 points, also at 10:30 am.
Of the issues traded till then 101 advanced, 26 declined and 15 remained unchanged with Tk 60 million in turnover.
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