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Stocks opened higher on Thursday, as bargain hunters went on buying lucrative shares after a recent major price fall.
Following the previous two days' major fall, the market opened higher amid buying interest on lucrative shares.
Accordingly, DSEX, the prime index of the Dhaka Stock Exchange, went up by more than 13 points or 0.25 per cent to 5,241, after the first hour of trading at 11:00 am, when the report was filed.
Market analysts said the lucrative price level of fundamentally sound stocks also attracted bargain hunters, taking the market in 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 4 points to 1,874 while the DSES index, which represents Shariah-based companies, advanced 3 points to 1,142 till then.
Turnover, another important indicator of the market, remained low and amounted to Tk 1.20 billion till then.
Of the issues traded, 172 saw appreciation and 126 witnessed price fall while 68 remained unchanged.
The Chittagong Stock Exchange, however, saw downward trend till then, with its All Shares Price Index (CASPI) losing 26 points to 15057.