Stocks open higher on bargain hunting
Bangladesh, Nov. 12 -- Stocks maintained their upward momentum for a second consecutive session on Wednesday as bargain hunters picked up recently battered shares, triggering broad-based buying across the market.
Market operators said investors showed renewed buying interest following recent price erosion, although lingering Middle East crisis and lower than expected earnings of many companies kept many cautious.
The benchmark Dhaka Stock Exchange (DSE) index, the DSEX, gained 20 points, or 0.37 per cent, to reach 5,457 at 11:30 am when the report was filed.
The blue-chip DS30 index rose 4 points to 2,061, while the DSES index, which tracks Shariah-compliant companies, advanced 4 points to 1,058.
The Chittagong Stock Exchange (CSE) a...
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