Stocks extends upward trajectory

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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.

 

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