Bangladesh, Nov. 4 -- Stocks opened higher on Wednesday after a four-day losing streak, as bargain hunters moved in to pick up selected lucrative shares in anticipation of short-term gains.

Advertisement The Bangladesh Securities and Exchange Commission's (BSEC) decision to ease trading restrictions on selected beneficial owner (BO) accounts frozen over the past two years, coupled with Bangladesh Bank's relaxation of rules on issuing preference shares to non-resident investors, also boosted investor confidence.

Under the relaxed rules, local companies can offer dividends of up to 5 per cent on preference shares to non-resident investors without seeking prior approval from the central bank.

However, many investors remained cautious ami...