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Stocks opened on a positive note on Tuesday with choppy trading as investors putting funds on selective stocks cautiously.
A section of investors are optimistic about the return of good governance in the market as the massive reforms are underway in the financial sectors, including the capital market while some are rebalanced their portfolios ahead of earnings disclosures of June closing companies.
The prime index of the Dhaka Stock Exchange (DSE), went up by 4 points or 0.06 per cent to 5,719 within the first hour of trading at 11:00 am, when the report was filed.
The blue-chip DS30 index, a group of 30 prominent companies, also gained 8 points to 2,092 and the DSES index, which represents Shariah-based companies, rose 1 points to 1,245 till then.
Turnover, another important indicator of the market, stood at Tk 1.95 billion till then.
Of the issues traded till then, 208 advanced, 118 declined, and 59 issues remained unchanged on the DSE trading floor till then.
Sea Pearl Beach Resorts was the most traded stock till then with shares worth Tk 129 million changing hands.
The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 28 points to stand at 16,146 while the Selective Categories Index – CSCX gained 19 points to reach 9736 till then.