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Stocks open higher on Sunday, after remaining down in four days, as buoyant investors are putting fresh bets on lucrative shares in anticipation of short-term gain amid regulatory measures.
Investors are optimistic about the return of good governance in the market as the massive reforms underway in the financial sectors, including capital market.
Many stocks came to lucrative price level after recent correction.
The prime index of the Dhaka Stock Exchange (DSE) went up by 62 points, or 1.08 per cent to 5,791 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 23 points to 2,137 and the DSES index, which represents Shariah-based companies, rose 13 points to 1,242 till then.
Turnover, another important indicator of the market, stood at Tk 1.95 billion till then.
Of the issues traded till then, 285 advanced, 53 declined, and 50 issues remained unchanged on the DSE trading floor till then.
Acme Lab was the most traded stock till then, with shares worth Tk 128 million changing hands.
The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 77 points to stand at 16,456 while the Selective Categories Index – CSCX gained 46 points to reach 9922 till then.
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