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Stocks open higher as major sectors surge

| Updated: December 01, 2021 16:07:26


Stocks start day with rising trend

Stocks open higher on Tuesday, maintaining the previous day’s upbeat trend, as bargain hunters are putting fresh bets on major sector shares.

Following the previous upward trend, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 41.69 points or 0.61 per cent to 6,837 points within the first 30 minutes of trading at 10:30am.

Two other indices also saw rising trends with the DS30 index, comprising blue chips, rose 11.16 points to stand at 2,578 and the Shariah Index (DSES) gained 4.98 points to 1,435 points till then.

Turnover, another important indicator of the market, stood at Tk 1.64 billion within the first 30 minutes of trading at 10:30am.

Market insiders said the investors are hoping to get a positive outcome from the meeting scheduled to be held today (Tuesday) between the central bank and the stock market regulator over some policy matters related to the stock market.

However, a section of investors remained on the sidelines amid growing concern over the new coronavirus variant, they said.

Of the issues traded till then, 231 advanced, 42 declined and 29 remained unchanged on the DSE trading floor till then.

ONE Bank was the most traded stock till then with shares worth Tk 781 million changing hands, closely followed by IFIC Bank, Paramount Textile, ACME Lab and Beximco.

The Chittagong Stock Exchange also rose at opening with its All Shares Price Index (CASPI)—gaining 112 points to stand at 19,989 while the Selective Categories Index – CSCX rose 67 points to reach at 12,017, also at 10:30 am.

Of the issues traded till then 58 advanced, 14 declined and 10 remained unchanged with Tk 42 million in turnover.

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