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Stocks witnessed a positive trend in early trading on Wednesday, after a two-day slump, as bargain hunters put fresh bets on lucrative shares in anticipation of a potential turnaround.
Price hikes of large-cap stocks such as Pubali Bank, Grameenphone, Walton, Best Holdings, Robi, Beacon Pharma, and Renata, helped the market recover in early trading.
After the first two hours of trading, the key index of the Dhaka Stock Exchange went up by 21 points or 0.36 per cent to 5,795 at 12:00 noon, when the report was filed.
The blue-chip index DS30, a group of 30 prominent companies, also gained 2 points to 2,014 while the DSES Index, which represents Shariah-based companies, gained 4 points to 1,268 till then.
Turnover, a crucial indicator of the market, remained low and amounted to Tk 2.40 billion.
Of the issues traded, 238 advanced, 76 declined and 70 remained unchanged till then.
The Chittagong Stock Exchange (CSE) opened higher with the CSE All-Share Price Index – CASPI –gaining 27 points to 16,566, also at 12:00 noon.