Stocks open with a big jump
Turnover on the Dhaka Stock Exchange (DSE) trading floor leaped by 23 percent to Tk459.59 crore amid floor price limitation
Indices of the country's two main bourses witnessed a sharp rise in the first one-and-half-hour of trading session on Sunday following investors' optimism towards the market.
The market started trading half an hour early, from 10:00am today, which is scheduled to last until 2:30pm.
According to a brokerage house review, the markets have been cheerful as the investors kept on buying fresh stocks at lucrative prices in the hope of achieving capital gain with this upward momentum amid optimism.
Investors took up an optimistic outlook after the announcement of new monetary policy, where the central bank has decided to cut policy and bank rates to improve the liquidity of the money market and also to revive the country's economy from pandemic fallout.
In the corresponding period till 11:30am, turnover on the Dhaka Stock Exchange (DSE) trading floor leaped by 23 percent to Tk459.59 crore amid floor price limitation.
DSEX, the prime index of the DSE, jumped by 110.81 points – or 2.53 percent - to reach at 4,475 till 11:30am.
Moreover, the Shariah-based DSES index gained 3.32 percent to settle at 1,044 and the blue-chip index DS30 rose by 3.07 percent to stand at 1,521.
Out of the 351 issues traded during the same time frame, 270 company's share prices advanced, 44 declined, and 37 remained unchanged.
Meanwhile, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) increased 277.54 points or 2.2 percent to close at 12,679.