Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Stocks opened higher on Tuesday as investors were active on both sides of the trading fence amid quarterly earnings disclosures of the listed companies.
The opportunistic investors pursued particular stocks with potential for quick gains while cautious investors preferred profit booking and continued rebalancing their portfolios based on the earnings disclosures.
Following the previous day’s fall, DSEX, the prime index of the Dhaka Stock Exchange (DSE), saw 9.40 points higher to 6,255 after the first two hours of trading at 12:00 noon.
The DSES index, which represents Shariah-based companies, rose 1.50 points to 1,357. However, the DS30 Index, which consists of blue-chip companies, fell 0.55 points to 2,117 till then.
Turnover remained low and total turnover stood at Tk 1.50 billion after the first two hours of trading.
Small-cap stock Khulna Printing became the most-traded stocks till then with shares worth Tk 71 million changing hands, followed by Emerald Oil Industries, CVO Petrochemicals and Alif Industries.
Of the issues traded till then, 120 advanced, 28 declined and 120 remained unchanged on the DSE trading floor.
The Chittagong Stock Exchange (CSE) also opened higher with the CSE All Share Price Index – CASPI – gaining 4 points to 18525 after two hours of trading.
babulfexpress@gmail.com