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Stocks opened higher on Monday, as tariff shock eased to some extent, riding on government moves.
Investors are expecting a reduction in the additional tariff as the Bangladesh government is negotiating with the US administration.
The US government last week announced to impose 37 per cent tariff on Bangladeshi products exported to the USA.
Market operators said the investors’ buying interest on certain large-cap stocks has added strength to the ongoing market’s recovery.
Following the previous day’s fall, the prime index of the Dhaka Stock Exchange (DSE) went up by more than 21 points or 0.42 per cent to 5,227 at 11:00 am, when the report was filed.
The DS30 index, a group of 30 prominent companies, also gained 15 points to 1,944 while the DSES index, which represents Shariah-based companies, rose 5.0 points to 1,173 till then.
Turnover, another important indicator of the market, stood at Tk 1.53 billion till then.
Of the issues traded till then, 239 advanced, 79 declined, and 66 issues remained unchanged on the DSE trading floor till then.
BSC was the most traded stock with shares worth Tk 226 million changing hands till then.
The Chittagong Stock Exchange also saw upward trend till then with its All Shares Price Index (CASPI)—gaining 48 points to 14,609 while the Selective Categories Index – CSCX rose more than 31 points to 8,886 till then.
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