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Stocks opened higher on Thursday, after three-day fall, as the bargain showed their buying binge on sector-wise issues.
The news that the International Monetary Fund (IMF) agreed to give a total $4.5 billion loan to Bangladesh, might boost the hope of the investors, said a merchant banker.
Following the previous day’s fall, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 30.26 points or 0.47 per cent to 6,380, after the first hour of trading at 10:30am.
Two other indices saw positive trends till then. The DS30 index, comprising blue chips, gained 11.25 points to 2,242 and the DSE Shariah Index (DSES) rose 8.33 points to 1,394.
Turnover, another important indicator of the market, stood at Tk 2.41 billion after the first hour of trading at 10:30am.
Most of the traded issues, however, remained unchanged due to the ‘floor price’ due to lack of potential buyers. Of the issues traded, 90 advanced, 26 declined and 157 issues remained unchanged on the DSE floor.
Orion Pharma became the most traded stock till then with shares worth Tk 356 million changing hands, followed by Genex Infosys, Navana Pharma, Summit Alliance Ports and Sinobangla Industries.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—gaining 36 points to stand at 18,779 while the Selective Categories Index – CSCX rising 21 points to reach 11,254, also at 10:30am.
Of the issues traded till then 29 gained, 13 declined and 40 remained unchanged with Tk 25 million.