B Mirror Report: Stocks rebounded modestly today after a sharp decline in the previous session, as opportunistic investors engaged in bargain hunting amid ongoing concerns over Middle East tensions. However, caution persisted due to the unresolved fuel crisis and uncertainties surrounding the government’s austerity measures, keeping overall market activity subdued.
The Dhaka Stock Exchange broad index, DSEX, gained 10.3 points to close at 5,123 points, up from 5,112 points in the prior session.
The market opened positively, adding nearly 75 points within the first 30 minutes, but morning optimism eased as selling pressure temporarily pushed indices back toward flat territory.
Market turnover declined by 8 percent to Taka 4.7 billion from Taka 5.1 billion in the previous session.
On the sectoral front, the Pharma sector accounted for the largest share of turnover at 15.1 percent, followed by Engineering (13.8 percent) and General Insurance (10 percent).
Sector performance was mixed, with Cement (0.6 percent), Mutual Fund (0.6 percent), and Bank (0.5 percent) showing the strongest gains, while IT (-0.8 percent), Jute (-0.6 percent), and Telecom (-0.4 percent) recorded the largest losses.
Of the 397 issues traded, 148 advanced, 171 declined, and 77 remained unchanged.
Meanwhile, the Chittagong Stock Exchange also closed in positive territory, though its Selective Categories Index (CSCX) and All Share Price Index (CASPI) declined by 6.6 points and 8.3 points, respectively.
Overall, investors remained cautious, closely monitoring geopolitical developments and domestic economic challenges while selectively entering the market for bargains.
