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Dhaka stocks opened on a positive note while the port city bourse saw a downward trend at opening amid cautious trading.
The news of trillions of money embezzlement from the stock market through fraud, manipulation, placement shares, and IPOs, during the Hasina regime dampened investors sentiment.
However, some opportunistic investors invested in beaten-down stocks and sought quick gain opportunities.
Following the previous day’s modest rise, the prime index of the Dhaka Stock Exchange (DSE), went up by 9 points or 0.18 per cent to 5,211 at 11:00 am, when the report was filed.
The DS30 index, a group of 30 prominent companies, gained 4 points to 1,913 while the DSES index, which represents Shariah-based companies, rose 3 points to 1,171.
Turnover, another important indicator of the market, stood at Tk 1.43 billion till then.
Of the issues traded till then, 197 advanced, 81 declined, and 92 issues remained unchanged on the DSE trading floor till then.
Dragon Sweater was the most traded stock till then with shares worth Tk 120 million changing hands.
The Chittagong Stock Exchange saw a downward trend till then with its All Shares Price Index (CASPI)—losing 12 points to stand at 14,545 while the Selective Categories Index – CSCX shed 6 points to 8,851 till then.