Dhaka stocks open higher amid inflation fears

Dhaka Stock Exchange (DSE) started trading on a positive note on Monday, overcoming the previous session’s downward trend, though the investors are still worried about inflation following a record hike in fuel prices.

In the first 35 minutes into the trade, the benchmark index of DSE, DSEX has increased over 5 points or 0.08 percent to 6,309.

Among other indices, the shariah-based DSES was up by 0.79 points or 0.05 percent and the blue-chip DS-30 rose by 0.74 points or 0.03 percent.

Over Tk 177 crore worth of shares transacted so far in DSE, where Beximco, Coppertech, Shasha Denim, LafargeHolcim and Malek Spinning were the top five traded stocks.

Earlier, on Sunday, DSEX, the benchmark index of DSE decreased by over 8 points or 0.13 percent to 6,304.

Among other indices, the shariah-based DSES rose by 1.64 points or 0.11 percent and the blue-chip DS-30 fell by 5.63 points or 0.24 percent.

The DSE had a turnover of Tk 1,117.33 crore today, which is Tk 72.93 crore less than the previous session.

Shares of the 380 companies traded on the day, of which 124 firms gained, 187 issues lost and 69 companies remained unchanged.