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Stocks opened positive on Tuesday as bargain hunters showed interest in lucrative shares after the previous day's moderate correction.
After the first one and a half hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by more than 5 points or 0.09 per cent to 5,225 at 11:30am, when the report was filed.
The blue-chip DS30 index, a group of 30 prominent companies, also gained nearly 5 points to 1,872 while the DSES index, which represents Shariah-based companies, rose 2 points to 1,144.
Market analysts said after a sharp correction in recent weeks, many good stocks came down to a lucrative price level, which encouraged a section of investors to put in fresh steak.
However, a section continued booking profits on trendy stocks.
Turnover, another important indicator of the market, stood at Tk 1.38 billion after one hour of trading at 11:30am.
Of the issues traded till then, 137 advanced, 167 declined, and 77 issues remained unchanged on the DSE trading floor till then.
Capitec Growth Fund was the most traded stock till then with shares worth Tk 60 million changing hands.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—gaining 58 points to stand at 14,784 while the Selective Categories Ind58x – CSCX gained 35 points to reach 8897, also at 11:30am.