Stocks extends upward trajectory

Date:

Post View:

Stocks extends upward trajectory

B Mirror Report: Stocks continued their upward momentum today as investors showed renewed interest in undervalued shares, while optimism over ceasefire talks in the Middle East supported market sentiment.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 34.3 points to close at 5,157, up from 5,123 in the previous session.

Trading began cautiously with selective buying, but growing confidence fueled stronger buying activity, lifting the indices. Market turnover surged 26.8% to Taka 6.0 billion from Taka 4.7 billion previously.

Sector-wise, Pharma led turnover with 16.8%, followed by Engineering (13.9%) and General Insurance (10.8%). Notable gainers included Ceramic (2.7%), Paper (2.1%), and Textile (1.8%), while Food (-0.2%) recorded the only significant decline.

Of 397 traded issues, 274 advanced, 64 declined, and 58 remained unchanged.

Meanwhile, the Chittagong Stock Exchange (CSE) closed in positive territory, with the Selective Categories Index (CSCX) and All Share Price Index (CASPI) recording slight gains.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

NBR summons field offices over revenue gap

The National Board of Revenue (NBR) has asked its...

Startup potential to be backed despite failure: PM

Prime Minister Tarique Rahman has announced that the government...

Bangladesh seeks three-year extension for LDC graduation at UN

Bangladesh has called for a three-year extension to its...

People’s Leasing audit reveals major accounting irregularities

The independent auditor of listed financial institution People’s Leasing...