Dhaka: Stocks today resumed recovery momentum following the previous session's correction, as investors perceived attractive entry points and accumulated beaten-down stocks in anticipation of favorable market momentum on easing geopolitical concerns after the Eid holidays. DSEX, the broad index of the Dhaka Stock Exchange (DSE), recovered 34.8 points to settle at 5,354 points as against 5,319 points in the previous trading session.
According to Bangladesh Sangbad Sangstha, from the outset of the session, market indices remained in positive territory as broad-based buying activity prevailed across the trading board. However, market turnover decreased by 12.1 percent to BDT 4.6 billion from Taka 5.2 billion in the previous session.
On the sectoral front, Pharma accounted for the highest share of turnover at 14.2 percent, followed by the Bank sector at 13.7 percent and the Textile sector at 11.7 percent. All sectors displayed positive returns, with Travel (3.3 percent), IT (1.9 percent), and Textile (1.5 percent) exhibiting the most positive returns on the bourse today. Of the 397 issues traded, 252 advanced, 72 declined, and 72 remained unchanged.
The port city bourse, CSE, also settled in positive territory. The Selective Categories' Index (CSCX) and All Share Price Index (CASPI) advanced by 17.3 points and 50.4 points, respectively.