The market opened marginally higher on Wednesday after a sharp decline in the previous day as bargain hunters showed buying appetite riding on regulatory moves.
The stock market regulator has allowed stockbrokers and merchant banks another six months to adjust their margin loan rates to 12 per cent until January 1, 2022.
The Bangladesh Securities and Exchange Commission (BSEC) issued a directive on Tuesday in this regard, which encouraged investors to the market.
The market opened higher and the DSEX, the prime index of the Dhaka Stock Exchange (DSE), rose 23.16 points or 0.42 per cent to stand at 5,445 points within the first 30 minutes of trading.
Two other indices saw positive trend till then with the DS30 index, comprising blue chips, gained 7.27 points to reach 2,099 and the Shariah Index (DSES) rose 1.0 points to stand 1,246 points till then.
Turnover, another important indicator of the market, stood at Tk 2.50 billion within the first 30 minutes of trading when the report was filed at 10:30 am.
Of the issues traded till then, 173 advanced, 84 declined and 54 remained unchanged on the DSE trading floor till then.
Beximco - the flagship company of Beximco Group- was the most traded stock till then with shares worth Tk 276 million changing hands, followed by BATBC, LafargeHolcim, Federal Insurance, and City General Insurance.
The port city bourse – the Chittagong Stock Exchange – (CSE) also rose at opening with CSE All Share Price Index- CASPI-gaining 73 points to stand at 15,735, also at 10:30 am.
Of the issues traded till then 65 advanced, 33 declined and 14 remained unchanged with Tk 58 million in turnover.