Stocks opened on a positive note on Tuesday as investors stepped up buying of selective shares following the recent market correction.
Market insiders said significant declines over the past two sessions had brought many stocks to attractive price levels, prompting bargain hunters to take fresh positions. However, overall market sentiment remained subdued amid persistent concerns over the energy crisis.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), gained 15 points, or 0.27 per cent, to reach 5,658 at 11:30 am, when the report was filed.
The DS30 index, comprising blue-chip stocks, advanced 3 points to 2,133, while the Shariah-based DSES index rose 5 points to 1,129.
Trading activity, however, remained low, with turnover on the premier bourse reaching Tk 2.04 billion during the first one and a half hours of trading.
Market breadth was strongly positive, with 239 issues advancing against 71 declining, while 76 remained unchanged, reflecting broad-based buying interest.
Sharp Industries emerged as the most-traded issue, with shares worth Tk 241 million changing hands during the period.
The Chittagong Stock Exchange (CSE), however, opened lower. Its All Share Price Index (CASPI) lost 63 points to 15,192, while the CSE Selective Categories Index (CSCX) shed 27 points to 9,281 at 11:30 am.
