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The Financial Express

Stocks open higher after two-day slump

| Updated: September 17, 2022 09:55:00


Investors monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files Investors monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files

The stock market witnessed an upturn at the opening on Tuesday after a two-day slump, as bargain hunters went on buying spree on selective issues.

Following the previous day’s correction, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 22.48 points or 0.34 per cent to stand at 6,50, after the first two hours of trading at 11:30 am.

The DS30 index, comprising blue chips, also gained 5.13 points to reach 2,361 and the DSE Shariah Index (DSES) rose 2.84 points to 1,432.

Turnover, another important indicator of the market, stood at Tk 6.59 billion after two hours of trading.

Market insiders said the bargain hunters went on buying spree on major sector issues after two-day corrections.

Of the issues traded till then, 179 advanced, 64 declined, and 129 issues remained unchanged on the DSE trading floor.

Beximco, the flagship company of Beximco Group, was the most traded stock till the filing of this report with shares worth Tk 752 million changing hands.

The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 84 points to stand at 19,283 while the Selective Categories Index – CSCX – rose 50 points to reach 11,558, also at 11:30 am.

Of the issues traded till then, 105 advanced, 55 declined and 76 remained unchanged with turnover of Tk 44 million.

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