DSE Ends higher as bargain hunting boosts market sentiment

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DSE Ends higher as bargain hunting boosts market sentiment

B Mirror Report: The Dhaka stock market rebounded to positive territory in the latest trading session after the previous day’s decline, as investors engaged in bargain hunting while remaining cautious amid global geopolitical uncertainties, including ongoing ceasefire discussions in the Middle East.

The benchmark index of the Dhaka Stock Exchange (DSE), the DSEX, rose by 24.6 points to settle at 5,255 points, compared to 5,230 points in the previous session.

Throughout the trading session, market indices remained range-bound with active participation from both buyers and sellers. However, buying pressure gradually strengthened, leading to broad-based price gains across most listed securities.

Despite the overall upward trend, selective selling pressure persisted in large-cap stocks from specific sectors, which limited stronger market momentum.

Total market turnover increased by 5.4 percent to Tk 8.4 billion, up from Tk 7.9 billion in the previous session.

Sector-wise, engineering accounted for the highest share of turnover at 21.2 percent, followed by pharmaceuticals at 11.0 percent and general insurance at 10.7 percent.

Most sectors showed mixed performance. Ceramic stocks gained 3.4 percent, travel and leisure rose 2.9 percent, and IT advanced 1.6 percent. In contrast, banking declined by 0.3 percent, cement by 0.2 percent, and food by 0.1 percent.

Out of 397 traded issues, 235 advanced, 87 declined, and 74 remained unchanged.

Meanwhile, the Chittagong Stock Exchange also ended the session on a positive note. The Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) moved slightly lower by 12.8 points and 23.5 points respectively.

 

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