Dhaka, March 10 -- Stocks opened higher on Tuesday as bargain hunters favored taking positions in potentially lucrative shares amid improved investor sentiment.

The market opened higher as US President Donald Trump signaled that the Iran war may be nearing an end, boosting investor confidence, market operators said. Moreover, Brent crude oil fell 7.7 per cent to US$91.37 a barrel, well off the peak of US$119.5 hit in Monday's session.

Following the news, investors went on buying, particularly banking stocks. Besides, the price appreciation of particular large-cap stocks, as opportunistic investors expect an easing of the Middle East crisis, also helped push the market index higher.

The prime index of the Dhaka Stock Exchange (DSE) went...