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Stocks opened on a positive note on Monday with slow trend as investors maintained a cautious stance amid volatility during the ongoing earnings season.
Although some bargain hunting was observed in beaten-down stocks, dismal financial results from some companies made investors mostly cautious.
Moreover, some investors closely monitoring developments around the Middle East war.
Following the previous four-days’ downturn, the prime index of the Dhaka Stock Exchange (DSE), went up by more than 6 points or 0.12 percent to 5,227 at 11:00am, when the report was filed.
The DS30 index, a group of 30 prominent companies, also gained 1 point to 1,991 while the DSES index, which represents Shariah-based companies, fell 2 points to 1,058 till then.
Turnover, another important indicator of the market, remained low and amounted to Tk 2.6 billion till then.
Of the issues traded till then, 192 advanced, 119 declined, and 78 issues remained unchanged on the DSE trading floor till then.
Monno Ceramic was the most traded stock with shares worth Tk 188 million changing hands till then, followed by Dominage Steel, Apex Tannery and BD Thai Aluminum.
The Chittagong Stock Exchange also saw positive trend till then with its All Shares Price Index (CASPI)—gaining 24 points to 14,670 while the Selective Categories Index – CSCX rose more than 11 points to 9,023 till then.
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