Stocks end soaring on incentive hopes

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Stocks end soaring on incentive hopes

BM Desk : Stocks finished higher on Monday as optimistic investors continued their purchasing spree on profitable shares, driven by strong expectations for budgetary incentives. Market analysts noted that stock investors are hopeful as the interim government is poised to introduce policy support and tax incentives for the capital market in the forthcoming budget, which aims to rejuvenate the struggling stock market.

Finance Adviser Salehuddin Ahmed presented the national budget for FY 2025-26 today, which encompasses several measures to support the market.

The DSEX, the benchmark index of the DSE, increased by 21.12 points, closing at 4,689.52. The DS30 Index, representing blue-chip stocks, rose by 8.21 points to finish at 1,755.79, while the DSES Index, which includes Shariah-compliant companies, climbed 5.95 points to conclude at 1,023.73.

Market turnover, a crucial indicator of activity, reached Tk 2.75 billion—an increase of 17.06 percent from the previous session.

Among the 396 issues traded on the DSE, 209 advanced, 101 declined, and 86 remained unchanged.

BRAC Bank Limited topped the turnover list, with shares valued at Tk 310.68 million changing hands. Other actively traded stocks included Square Pharmaceuticals, Beach Hatchery, Fine Foods Limited, and Malek Spinning Mills.

The Chittagong Stock Exchange (CSE) ended lower, with the All Share Price Index (CASPI) decreasing by 28.43 points to 13,088, and the Selective Categories Index (CSCX) falling by 28.43 points to 8,000.34.

The port city exchange recorded a turnover of Tk 103.40 million, with 2.56 million shares and mutual fund units traded.

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