Stocks opened higher on Thursday as the optimistic investors put fresh bets on sector-specific issues amid Omicron worries.
Following the previous day’s correction, DSEX, the prime index of the Dhaka Stock Exchange (DSE), rose 34.52 points or 0.49 per cent to stand at 7,030, after the first hour of trading at 11:00am.
Two other indices also saw positive trends till then. The DS30 index, comprising blue chips, gained 8.42 points to reach 2,615 points and the Shariah Index (DSES) rose 5.85 points to stand 1,500.
Meanwhile, Beximco Green-Sukuk Al Istisna – the first-ever asset-backed security by a private sector entity in Bangladesh – made its debut trading on Thursday.
Beximco Sukuk is trading between Tk 100 and Tk 110 in the first hour of trading until 11:00am on the Dhaka bourse against its face value of Tk 100 each.
Market analysts said stocks are rising as the investors are putting fresh bets in major sector stocks, beating worries of the rising Covid-19 cases in the country.
Turnover, another important indicator of the market, stood at Tk 3.10 billion within the first hour of trading at 11:00am.
Of the issues traded till then, 226 advanced, 58 declined and 78 issues remained unchanged on the DSE trading floor till then.
Bangladesh Shipping Corporation was the most traded stock till then with shares worth Tk 296 million changing hands, closely followed by debutant Beximco Geen Sukuk, Power Grid, RAK Ceramic and Beximco.
The Chittagong Stock Exchange opened higher with its All Shares Price Index (CASPI)—rising 48 points to stand at 20,545, while the Selective Categories Index – CSCX gaining 29 points to reach at 12,343, also at 11:00am.
Of the issues traded till then 70 advanced, 54 declined, and 15 remained unchanged with Tk 100 million in turnover.