Stocks opened marginally higher on Sunday amid high trading activities as investors continued to put fresh bets on sector-specific issues.
Despite witnessing some volatility initially, the prime index of the Dhaka Stock Exchange DSE) advanced 12.32 points or 0.20 per cent to reach 6,078 points after the first hour of trading when the report was filed at 11:00 am.
Market experts said budgetary measures, lower returns on the money market, the limited scope of investment in other instruments, and regulatory reforms continued to cheer investors to park their funds on stocks.
The last-minute rush to take the advantage of whitening black money through investment in the capital market by the end of this month might also have a contribution to push up the turnover, said a leading broker.
The DS30 index, comprising blue chips, also gained 5.32 points to reach 2,210. However, the Shariah Index (DSES) fell 1.90 points to stand at 1,297 points.
Turnover, another important indicator of the market, stood at Tk 6.02 billion within the first hour of trading at 11:00 am.
Of the issues traded till then, 216 advanced, 111 declined, and 35 remained unchanged on the DSE trading floor till then.
Beximco was the most traded stock till the filing of this report with shares worth Tk 720 million changing hands, followed by Green Delta Insurance, Keya Cosmetics, Agrani Insurance, and Ring Shine Textiles.
The port city bourse – the Chittagong Stock Exchange – (CSE) also opened marginally higher with CSE All Share Price Index- CASPI-rising 45 points to stand at 17,630, also at 11:00 am.
Of the issues traded till then 78 advanced, 51 declined and 82 remained unchanged with Tk 145 million in turnover.