Published :
Analysts said the opportunistic investors engaged in bargain hunting, although prevailing geopolitical tensions in the Middle East lacks near-term regulations. Improved participation likely, reflects cautious optimism among investors around potential economic recovery contingent on any resolutions in the Middle East tensions.
Following the previous day’s market surge, the prime index of the Dhaka Stock Exchange (DSE), went up by more than 56 points or 1.07 percent to 5,313 at 11:00am, when the report was filed.
The DS30 index, a group of 30 prominent companies, also gained 26 points to 2,000 while the DSES index, which represents Shariah-based companies, rose 10 points to 1,072 till then.
Turnover, another important indicator of the market, improved and amounted to Tk 3.50 billion till then.
Of the issues traded till then, 316 advanced, 29 declined, and 40 issues remained unchanged on the DSE trading floor till then.
Monno Fabrics was the most traded stock with shares worth Tk 145 million changing hands till then, followed by Dominage Steels, Agni System, and Summit Aalinace Port.
The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 50 points to 14,786 while the Selective Categories Index – CSCX rose more than 30 points to 9,063 till then.
Source: https://thefinancialexpress.com.bd/stock/bangladesh/stocks-open-higher-after-two-day-plunge5654921
