Dhaka: Stocks today extended its upward trajectory, extending the momentum of last session, as renewed investor interest in beaten-down stocks pushed indices higher, while sentiment was buoyed by ceasefire talks surrounding the Middle East conflict.
According to Bangladesh Sangbad Sangstha, DSEX, the broad index of the Dhaka Stock Exchange (DSE), advanced 34.3 points to settle at 5,157 points as against 5,123 points in the previous trading session.
Investors began the session cautiously, engaging in selective buying, however as buyers started to emerge on the trading floor driven by supportive domestic cues, confidence improved, prompting a more decisive buying activity pushing the indices to close higher.
Meanwhile, market turnover increased by 26.8% to Taka 6.0 billion from Taka 4.7 billion in the previous session.
On the sectoral front, Pharma accounted for the highest share of turnover at 16.8%, followed by Engineering at 13.9% and General Insurance at 10.8%. Almost all sectors displayed positive returns, with Ceramic at 2.7%, Paper at 2.1%, and Textile at 1.8% exhibiting the most positive returns. However, the Food sector showed a slight correction, declining by 0.2%.
Of the 397 issues traded, 274 advanced, 64 declined, and 58 remained unchanged.
The port city bourse, CSE, also settled on a positive territory. The Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) declined by 5.5 points and 8.4 points, respectively.