Dhaka, Bangladesh (BBN) – Bangladesh’s stocks stayed  higher at midday on Wednesday as investors went on buying spree especially on banks.
Analysts said the market showed a strong sign of reversal with increased turnover for the second day and logged all high indices of the DSE largely driven by the bank sector.
The market opened higher in the morning the DSEX advanced 10.84 points, while the Selective Category Index of CSE earned 21.02 points at 11:00am.
At 12:00 noon, key Index of DSE gained 16.02 points while the Selective Category Index of port city bourse advanced 35.92 when the report was filing.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) reached at 5, 740.88 points, advancing 16.02 points or 0.28 per cent when the report was filing at 12:00 noon.
The two other indices also edged higher.
The DS30 index, comprising blue chips advanced 8.21  points or 0.40 per cent to reach at 2, 074.13 points at 12:01 noon.
However, the DSE Shariah Index (DSES) earned 3.01 points or 0.23 per cent to reach at 1, 303.44 points.
Turnover, the crucial indicator of the market, stands at BDT 5.16 billion when the report was filed at 12:00 noon riding on AB Bank.
AB Bank was the most traded stocks till then with shares BDT 246 million changing hands followed by Islami Bank BDT 220 million, City Bank BDT 157 million, LankaBangla Finance BDT 151 million, National Feed Mill Limited BDT 129 million and Beximco Pharmaceuticals 119 BDT million.
Of the issues traded till then, 189 advanced, 77 declined and 41 issues remained unchanged on the DSE floor.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till 12:00 noon as its Selective Category Index – CSCX –gaining 35.92 points to stand at 1,0801.44 points, also at 12:00 noon.
Of the issues traded till then, 122 gained, 57 declined and 31 issues remained unchanged with BDT 265 million in turnover.