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Stocks opened on a positive trend on Monday as bargain hunters favoured taking positions in potentially lucrative shares cautiously a day-after delayed trade due to a technical glitch.
The market opened on a positive note aided by the price appreciation of particular large-cap stocks, as opportunistic investors outnumbered those on the trading floor and aimed their buying interest in anticipation of quick gains.
Following the previous two day’s fall, the prime index of the Dhaka Stock Exchange (DSE) went up by 24 points, or 0.46 per cent to 5,189 at 11:30am, when the report was filed.
The DS30 index, a group of 30 prominent companies, gained 9 points to 1,929, while the DSES index, which represents Shariah-based companies, rose 10 points to 1,158.
Turnover, another important indicator of the market, stood at Tk 1.12 billion till then.
Of the issues traded till then, 222 advanced, 65 declined, and 90 issues remained unchanged on the DSE trading floor till then.
Robi Axiata was the most traded stock, with shares worth Tk 58 million changing hands.
The Chittagong Stock Exchange saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 6 points to 14,460, while the Selective Categories Index (CSCX) rose almost 3 points to 8,807.