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Stocks opened higher on Wednesday after two days of correction, as buoyant investors are putting fresh bets on lucrative blue-chip shares.
Investors are optimistic about the return of good governance in the market as the Bangladesh Securities and Exchange Commission (BSEC) has been appointed.
Dr M Masrur Reaz has been made the new chairman of BSEC on Tuesday.
After the first hour of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up 26 points or 0.43 per cent to 5,893 at 11:00 am, when the report was filed.
The blue-chip DS30 index, a group of 30 prominent companies, jumped more than 29 points to 2,162 while the DSES index, which represents Shariah-based companies, rose 2 points to 1,257.
Turnover, another important indicator of the market, stood at Tk 4.6 billion till then.
Of the issues traded till then, 157 advanced, 185 declined, and 50 issues remained unchanged on the DSE trading floor till then.
Grameenphone was the most traded stock till then with shares worth Tk 872 million changing hands.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—gaining 24 points to stand at 17033 while the Selective Categories Index – CSCX gained 15 points to reach 10258, also at 11:00 am.