Stocks rally at open

Dhaka stocks opened in green on Thursday morning following fresh highs in the previous session.

In the first 30 minutes traded, the benchmark DSEX index moved up 26 points or 0.51 percent at 5,096 while the DSES index gained over 4.48 points or 0.38 percent at 1,168 and blue chip DS30 index added 13 points or 0.75 percent at 1,780.

Stocks saw mostly higher as out of issues so far traded, 161 advanced, 52 declined and 95 remained unchanged. The turnover stood at Tk 148 crore until mid-session.

The euphoria is expected to stay in the short to medium-term. Hopes of vaccine and stimulus packages in Bangladesh and developed nations are raising the spirit of the market, according to brokers.

The most traded stocks so far are Rupali Insurance, Beximco, Beximco Pharmaceuticals, Fortune Shoes, City Bank, Republic Insurance and IFIC.