Stocks posted a moderate rise at opening on Sunday, with investors maintaining a cautious stance ahead of corporate declarations of June closing by companies.
Following the previous week’s modest rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 13.89 points or 0.19 per cent to stand at 7,268 points within the first 30 minutes of trading at 10:30am.
The Shariah Index (DSES) also gained 2.34 points to stand at 1,583 points. However, the DS30 index, comprising blue chips, saw a fractional loss of 0.24 point to stand at 2,673 till then.
Turnover, another important indicator of the market, stood at Tk 3.42 billion within the first 30 minutes of trading at 10:30 am.
Market analysts observed that investors mostly took a cautious approach after the key index hovering around the highest level while many stock prices rose significantly in recent weeks.
Investors were also rebalancing their portfolios ahead of corporate declarations of listed companies, they said.
Of the issues traded till then, 214 advanced, 94 declined and 53 remained unchanged on the DSE trading floor till then.
Shahjibazar Power was the most traded stock till then with shares worth Tk 344 million changing hands, closely followed by Orion Pharma, Delta Life Insurance, Makson Spinning Mills and Evince Textile.
The Chittagong Stock Exchange also saw a modest rise at opening with its All Shares Price Index (CASPI) gaining 42 points to stand at 21,188, while the Selective Categories Index (CSCX) rising 25 points to reach 12,712, also at 10:30 am.
Of the issues traded till then 70 advanced, 35 declined and 18 remained unchanged with Tk 67 million in turnover.