Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Stocks opened with a positive trend on Monday as opportunistic investors continued taking positions in the sector-specific scrips in anticipation of quick gains.
The downbeat pressure has somewhat eased down following the DSE index rebalancing as investors expect a cushion to the ailing market while some insurance stocks gained some momentum owing to the buying appetite of short-term gain-focused investors.
Following the previous day’s modest rise, the prime index of the Dhaka Stock Exchange (DSE), went up by 30 points or 0.57 per cent to 5,175 at 11:00 am, when the report was filed.
The DS30 index, a group of 30 prominent companies, also gained 9 points to 1,912 while the DSES index, which represents Shariah-based companies, rose 10 points to 1,165.
Turnover, another important indicator of the market, stood at Tk 1.45 billion till then.
Of the issues traded till then, 263 advanced, 58 declined, and 62 issues remained unchanged on the DSE trading floor till then.
Lovello Ice-Cream was the most traded stock with shares worth Tk 84 million changing hands.
The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 44 points to 14,408 while the Selective Categories Index – CSCX rose almost 29 points to 8,764 till then.