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Stocks opened higher on Tuesday, as bargain hunters went on buying lucrative shares after a recent price fall.
Following the previous day’s flat ending, the market opened higher amid growing investor confidence.
DSEX, the prime index of the Dhaka Stock Exchange, went up by more than 35 points or 0.66 per cent to 5270, after the first hour of trading.
Market analysts said the lucrative price level of fundamentally sound stocks also attracted bargain hunters, taking the market into 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 7 points to 1,863 while the DSES index, which represents Shariah-based companies, advanced 8 points to 1,146 till then.
Turnover, another important indicator of the market, remained low and amounted to Tk 1.59 billion till then.
Of the issues traded, 265 saw appreciation, 64 witnessed a price fall, and 45 remained unchanged.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI) gaining 42 points to 15042.