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The Financial Express

Stocks open higher as investors put fresh bets on sector-specific issues

| Updated: January 18, 2022 10:09:37


Stocks open higher as investors put fresh bets on sector-specific issues

Stocks opened higher on Sunday as the optimistic investors put fresh bets on sector-specific issues, beating Omicron worries.

Following the previous week’s gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE), rose 43.32 points or 0.61 per cent to stand at 7,060, 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 1.37 points to reach 2,617 points and the Shariah Index (DSES) advanced 9.29 points to stand at 1,511.

Market analysts said stocks opened higher, beating worries of the rising Covid-19 cases, as the investors continued pouring their funds in the sector-wise stocks.

Turnover, another important indicator of the market, stood at Tk 4.15 billion within the first hour of trading at 11:00am.

Of the issues traded till then, 265 advanced, 49 declined and 56 issues remained unchanged on the DSE trading floor till then.

RAK Ceramic was the most traded stock till then with shares worth Tk 368 million changing hands, closely followed by Paramount Textile, Fortune Shoes, Fareast Islami Life Insurance and Power Grid Company.

The Chittagong Stock Exchange opened higher with its All Shares Price Index (CASPI)—rising 97 points to stand at 20,643, while the Selective Categories Index – CSCX gained 58 points to reach at 12,400, also at 11:00am.

Of the issues traded till then 100 advanced, 31 declined, and 22 remained unchanged with Tk 66 million in turnover.

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