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Stocks opened higher on Tuesday, as optimistic investors putting fresh funds on selective banks shares, in anticipation of short-term gain.
Investors are optimistic about the return of good governance in the market as the massive reforms underway in the capital market and the securities regulator is going to form a taskforce for necessary reforms.
The securities regulator is also holding series of meetings with the market stakeholders to for necessary reforms.
Following the previous day’s decline, the prime index of the Dhaka Stock Exchange (DSE), went up by 30 points or 0.54 percent to 5,655 within the first hour of trading at 11:00 am, when the report was filed.
The blue-chip DS30 index, a group of 30 prominent companies, also gained 7 points to 2,060 and the DSES index, which represents Shariah-based companies, jumped 9 points to 1,272 till then.
Turnover, another important indicator of the market, reamined low and stood at Tk 1.10 billion.
Of the issues traded till then, 245 advanced, 75 declined, and 45 issues remained unchanged on the DSE trading floor.
Grameenphone was the most traded stock till then with shares worth Tk 86 million changing hands.
The Chittagong Stock Exchange also saw a positive trend with its All Shares Price Index (CASPI)—gaining 24 points to stand at 15,683 while the Selective Categories Index – CSCX gained 17 points to reach 9,522.