Stocks see modest rise at opening

| Updated: March 30, 2022 19:32:35

Stocks see modest rise at opening

The market opened higher on Tuesday as the investors are expecting a positive outcome from the upcoming coordination meeting.

Following the previous day’s modest rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 11.88 points or 0.17 per cent to stand at 6,770, after the first hour of trading at 11:00am.

Market insiders said the securities regulator’s decision to hold a meeting with the market intermediaries to discuss how to increase liquidity supply in the equity market, prompted the investors to put in fresh funds.

As part of its measures to prop up the capital market, the Bangladesh Securities and Exchange Commission (BSEC) sent letters to the market intermediaries inviting them to the meeting scheduled for Wednesday.

Two other indices also saw a positive trend till then with the DS30 index, comprising blue chips, gaining 4.76 points to reach 2,472 and the Shariah Index (DSES) rose 1.43 points to stand at 1,466.

Turnover, another important indicator of the market, stood at Tk 2.23 billion at 11:00am.

Of the issues traded till then, 181 advanced, 118 declined, and 70 issues remained unchanged on the DSE trading floor till then.

Beximco was the most traded stock till then with shares worth Tk 231 million changing hands, closely followed by Dragon Sweater, LafargeHolcim, and Pioneer Insurance.

The Chittagong Stock Exchange opened higher with its All Shares Price Index (CASPI)—gaining 9.0 to stand at 19,799, while the Selective Categories Index – CSCX rose 10 points to reach 11,881 at 10:30am.

Of the issues traded till then 57 advanced, 55 declined, and 30 remained unchanged with Tk 69 million in turnover.

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