Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Stocks opened higher on Tuesday, as sales pressure reduced to some extent following the news of the recent meeting with the prime minister and business leaders.
The prime minister asked the relevant authorities to form a committee to resolve the stock market’s existing problems when the business leaders held a meeting with the prime minister.
Following the previous day's upward trend, the market opened higher amid growing investors' confidence.
DSEX, the prime index of the Dhaka Stock Exchange, went up by more than 37 points or 0.70 per cent to 5348, after the first hour of trading.
Market analysts said the lucrative price level of fundamentally sound stocks also attracted bargain hunters, taking the market in the green zone.
However, the majority of investors remained cautious amid the prevailing volatility in the market, said a leading broker.
Two other indices also opened higher. The DS30 index, which consists of blue-chip companies, gained 6 points to 1,906 while the DSES index, which represents Shariah-based companies, advanced 8 points to 1,168 till then.
Turnover stood at Tk 1.23 billion after one hour.
Of the issues traded, 248 saw appreciation and 70 witnessed price fall while 55 remained unchanged.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI) gaining 46 points to 15359.