Stocks open higher on renewed optimism
According to a brokerage house review, the markets have remained cheerful as investors kept on buying fresh stocks at lucrative prices in the hope of achieving capital gain with this upward momentum amid renewed optimism
Following the investors' optimistic view towards the stock market, indices of the country's two main bourses witnessed a big jump in the first one-and-half-hour trading session on Wednesday after consecutive fall of two days.
According to a brokerage house review, the markets have remained cheerful as investors kept on buying fresh stocks at lucrative prices in the hope of achieving capital gain with this upward momentum amid renewed optimism.
On August 18, the central bank governor said that they will do everything necessary to boost up the stock market.
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Meanwhile, turnover on the Dhaka Stock Exchange (DSE) trading floor also leaped by 18 percent to Tk486.10 crore in the early session amid floor price limitation.
DSEX, the prime index of the DSE, upturned by 106.66 points – or 2.25 percent - to reach at 4,826 till 11:30am.
Moreover, the Shariah-based DSES index gained 22.56 percent to settle at 1,103 points and the blue-chip index DS30 rose 42.66 percent to stand at 1,651.
Out of the 356 issues traded during the same time frame, 290 company's share prices advanced, 38 declined, and 28 remained unchanged.
In the corresponding period, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) increased 243.95 points to close at 13,735.
