Stocks open marginally higher on investors' buying appetite

FE ONLINE REPORT | Thursday, 17 June 2021

The market opened marginally higher on Thursday as investors continued their buying appetite on sector-specific issues.

Following the previous day’s modest gain, the market opened on a positive trend and the DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 14.54 points or 0.24 per cent to reach 6,066 within the first 30 minutes of trading when the report was filed at 10:30 am.

Two other DSE indices saw an upward trend till then with the DS30 index, comprising blue chips, gained 7.22 points to reach 2,190 and the Shariah Index (DSES) rose 1.90 points to stand at 1,290.

Turnover, another important indicator of the market, stood at Tk 3.18 billion within the first 30 minutes of trading at 10:30 am.

Market operators said the bargain hunters continued their buying appetite on sector-wise stocks riding on the news that the special facility to legalise undisclosed income is likely to continue in the next fiscal year.

The continuation of the special facility to whiten black money in stocks can have a positive impact on the market, they said.

Of the issues traded till then, 158 advanced, 132 declined and 62 remained unchanged on the DSE trading floor till then.

Beximco was the most traded stock till the filing of this report with shares worth Tk 306 million changing hands, closely followed by Pioneer Insurance, Orion Pharma, BSC, and Mercantile Insurance.

The port city bourse – the Chittagong Stock Exchange – (CSE) also opened marginally higher with CSE All Share Price Index- CASPI-gaining 42 to stand at 17,572 also at 10:30 am.

Of the issues traded till then 48 advanced, 36 declined and 52 remained unchanged with Tk 55 million in turnover.

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