Stocks edge higher at opening, turnover on the rise

According to a brokerage firm review, the expansionary monetary policy is largely responsible for the boost in market turnover as it is widely expected that risk free rates will go down and money circulation will increase

Photo: Mumit M

Indices of the country's two main bourses grew steadily during the first one-and-half-hour of trading session today, while the rise in turnover was also reported.

Turnover on the Dhaka Stock Exchange (DSE) trading floor leaped by 8 percent to Tk373.96 crore in the first session till 12:00pm amid floor price limitation.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), jumped by 34.59 points – or 0.80 percent - to reach at 4,341 till 12:00 pm.

Moreover, the Shariah-based DSES index gained 6.87 points to settle at 1,004 and the blue-chip index DS30 rose by 13.25 points to stand at 1,465.

Out of the 350 issues traded during the same time frame, 189 company's share prices advanced, 77 declined, and 84 remained unchanged.

Meanwhile, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) has climbed 50.64 points to close at 12,280.

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