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Stocks open positive on Thursday as bargain hunters are taking positions on lucrative stocks amid cautious trading.
The market observed volatility initially as buyers and sellers remained active on both sides of the trading fence to grab the realm of the market momentum.
However, the regulatory efforts to rebound investors’ market sentiment and capital gain tax news boosted a section of investors’ confidence to some extent.
Following the previous day’s modest correction, the prime index of the Dhaka Stock Exchange (DSE), went up by 11 points, or 0.20 per cent, to 5,357 at 11:30 am when the report was filed.
The DS30 index, a group of 30 prominent companies, gained 7 points to 1,974 while DSES index, which represents Shariah-based companies, rose 4 points to 1,196.
Turnover, another important indicator of the market, stood at Tk 2.26 billion till then.
Of the issues traded till then, 185 advanced, 117 declined, and 79 issues remained unchanged on the DSE trading floor till then.
Agni Systems was the most traded stock untill then, with shares worth Tk 157 million changing hands.
The Chittagong Stock Exchange saw an upward trend till then with its All Shares Price Index (CASPI)—gaining 36 points to stand at 14,915 while the Selective Categories Index – CSCX rose 23 points to reach 9,068 till then.
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