Stocks soar as post-election confidence lifts market

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Stocks soar as post-election confidence lifts market

B Mirror Repot: The market experienced a remarkable upswing today, fueled by strong investor confidence after the peaceful conclusion of the general election.

The DSE Broad Index (DSEX) at the Dhaka Stock Exchange closed at 5,600.66, posting a robust gain of 200.72 points compared to the previous trading day. The DS-30 Index, featuring leading blue-chip stocks, jumped 86.18 points to finish at 2,145.13. Meanwhile, the DSES Shariah Index advanced 30.39 points, settling at 1,127.37.

Trading activity surged significantly, with 46.42 crore shares and mutual fund units changing hands during the session. Total turnover at the prime bourse reached Taka 1,275.09 crore. Among the 394 issues traded, 364 recorded gains, 26 declined, and 4 remained unchanged, reflecting a broad-based rally.

In terms of transaction value, the top performers included City Bank, Dhaka Bank, Square Pharmaceuticals, BRAC Bank, Bangladesh Shipping Corporation, Robi Axiata, Saiham Cotton Mills, Jamuna Bank, Islami Bank Bangladesh Limited, and Orion Infusion.

The highest price gainers of the day were One Bank Limited, Munnu Fabrics, LankaBangla Finance, Asia Insurance, Daffodil Computers, NRB Bank, LR Global Mutual Fund 1, Dhaka Bank, VFS Thread Dyeing, and Dragon Sweater and Spinning.

On the downside, the major losers included Islami Bank Bangladesh Limited, Zeal Bangla Sugar Mills, Jute Spinners Limited, Apex Spinning and Knitting Mills, Islami Finance and Investment Limited, The Ibn Sina Pharmaceutical Industry, Al-Arafah Islami Bank, Shyampur Sugar Mills, Aftab Automobiles, and Navana CNG Limited.

The Chittagong Stock Exchange (CSE) also closed in positive territory. Its benchmark CASPI index rose by 484.37 points. Of the total traded issues, 220 advanced, 17 declined, and 10 remained unchanged, mirroring the upbeat sentiment prevailing across the market.

 

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