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Stocks opened on a positive trend on Tuesday after a two-day fall as bargain hunters went on buying mood on lucrative shares in anticipation of short-term gain.
After hitting the one-month lowest level of the key index, the market opened positive, aided by the price appreciation of particular large-cap stocks, as opportunistic investors outnumbered on the trading floor and aimed their buying interest in anticipation of quick gains.
Accordingly, the prime index of the Dhaka Stock Exchange (DSE) went up by 33 points or 0.65 per cent to 5,185 at 11:00 am, when the report was filed.
The DS30 index, a group of 30 prominent companies, gained 7 points to 1,913 while DSES index, which represents Shariah-based companies, rose 9 points to 1,165.
Turnover, another important indicator of the market, stood at Tk 1.03 billion.
Of the issues traded till then, 288 advanced, 33 declined, and 56 issues remained unchanged on the DSE trading floor.
Associated Oxygen was the most traded stock with shares worth Tk 49 million changing hands.
The Chittagong Stock Exchange (VSE) also saw a positive trend with its All Shares Price Index (CASPI)—gaining 18 points to 14,419 while the Selective Categories Index – CSCX rose almost 6 points to 8,773 till then.