B Mirror Report: Stocks today returned to a positive trend after recent corrections as election-led optimism eased, mainly supported by strong buying pressure in bank sector shares. Investors responded positively to the central bank’s latest relaxation of loan rescheduling rules, viewing it as a supportive move amid concerns over rising non-performing loans in the banking sector.
The benchmark DSEX of the Dhaka Stock Exchange (DSE) gained 85.2 points to close at 5,553, up from 5,468 in the previous session.
Market analysts said the bourse started the day on a strong note, surging nearly 80 points within the first 30 minutes, driven by significant buying interest in major large-cap stocks. The momentum later spread across the board, resulting in broad-based price gains as investor confidence strengthened on expectations of improved market fundamentals.
Turnover on the DSE also rose by 26.5 percent to Taka 7.2 billion, compared to Taka 5.7 billion in the previous session.
Sector-wise, bank stocks dominated turnover with 21.4 percent of the total trade, followed by food (19.0 percent) and pharmaceuticals (10.4 percent). All sectors posted gains, with paper (3.2 percent), mutual fund (2.5 percent), and IT (2.3 percent) sectors registering the highest returns of the day.
Out of 397 traded issues, 346 advanced, 18 declined, and 33 remained unchanged.
The Chittagong Stock Exchange (CSE) also ended higher, as the Selective Categories’ Index (CSCX) rose by 94.1 points and the All Share Price Index (CASPI) advanced by 147.7 points.
