DSE rebounds 31 points on late buying amid weak sentiment

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DSE rebounds 31 points on late buying amid weak sentiment

B Mirror Report: The Dhaka Stock Exchange (DSE) rebounded today following the previous session’s selloff, as late-session bargain hunting provided support. However, overall market sentiment remained weak amid ongoing uncertainties surrounding the Middle East conflict.

The benchmark index, DSEX, gained 31.3 points to close at 5,316, up from 5,285 in the previous session.

Market indices moved mostly sideways throughout the trading session, reflecting balanced participation from both buyers and sellers. However, strong buying interest in the final hour led to broad-based price appreciation, helping the market close in positive territory.

Market turnover increased by 22.6% to Tk 6 billion, compared to Tk 4.9 billion in the previous session.

On the sectoral front, Engineering accounted for the highest share of turnover at 13.6%, followed by Pharmaceuticals (12.7%) and Banking (11.1%).

Most sectors posted gains, with Mutual Funds rising 3.7%, General Insurance 3.1%, and Life Insurance 2.8%. On the other hand, Services declined by 1.0%, Telecom by 0.7%, and Cement by 0.2%.

Out of 397 traded issues, 241 advanced, 100 declined, and 55 remained unchanged.

Meanwhile, the Chittagong Stock Exchange (CSE) ended in negative territory, with the CSCX index falling 16.6 points and the CASPI index declining by 39.3 points.

Analysts said that although late-session buying supported the rebound, sustained market recovery will depend on improved global conditions and stronger investor confidence.

 

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