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Stocks opened higher on Monday after two days of correction, as buoyant investors are putting fresh bets on lucrative blue-chip shares after the news of the appointment of a new chairman of the stock market regulator.
Investors are optimistic about the return of good governance in the market as the Chairman of the stock market regulator has been appointed.
Khondoker Rashed Maqsood has become the new chairman of the Bangladesh Securities and Exchange Commission (BSEC) for a four-year term.
The Ministry of Finance issued a notification, signed by Farida Yasmin, deputy secretary of the Financial Institutions Division (FID), in this regard on Sunday.
After the first two hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up 28 points or 0.48 per cent to 5,806 at 12:00 noon, when the report was filed.
The blue-chip DS30 index, a group of 30 prominent companies, jumped more than 10 points to 2,136 while the DSES index, which represents Shariah-based companies, rose 12 points to 1,252.
Turnover, another important indicator of the market, stood at Tk 4.48 billion till then.
Of the issues traded till then, 187 advanced, 161 declined, and 39 issues remained unchanged on the DSE trading floor till then.
Grameenphone was the most traded stock untill then with shares worth Tk 579 million changing hands.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—gaining 4 points to stand at 16,715 while the Selective Categories Index – CSCX gained 6 points to reach 10,071, till then.