Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Stocks opened higher on Tuesday after a five-day plunge as bargain hunting showed buying interest in undervalued, lucrative shares amid dismal financial results from some companies.
However, many investors remained cautious and closely monitored developments around the Middle East war
Following the previous five-day downturn, the prime index of the Dhaka Stock Exchange (DSE) went up by more than 17 points or 0.34 per cent to 5,223 at 11:00 am, when the report was filed.
The DS30 index, a group of 30 prominent companies, also gained 1 point to 1,986 while the DSES index, which represents Shariah-based companies, rose 6 points to 1,062.
Turnover, another important indicator of the market, remained low and amounted to Tk 2.36 billion.
Of the issues traded till then, 214 advanced, 107 declined, and 66 issues remained unchanged on the DSE trading floor.
Monno Ceramic was the most traded stock with shares worth Tk 133 million changing hands till then, followed by NCC Bank, Salvo Chemicals, RD Food and Dominage Steel.
The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 22 points to 14,665, while the Selective Categories Index – CSCX rose more than 16 points to 9,031.
babulfexpress@gmail.com