B Mirror Report :Â Stocks extended their gains on Wednesday morning as bargain hunters returned to the market following a two-week ceasefire agreement between the United States and Iran, providing relief to global investors.
Market analysts said the easing of geopolitical tensions, particularly the temporary reopening of the Strait of Hormuz under the ceasefire deal, restored investor confidence and triggered fresh buying across sectors. The development followed last-minute diplomatic efforts that helped avert escalating tensions linked to former US President Donald Trump’s earlier ultimatum to Iran.
The benchmark Dhaka Stock Exchange (DSEX) index jumped 133 points, or 2.65%, to 5,293 within the first hour of trading at 11:00 am. The DS30 index, tracking blue-chip stocks, rose 47 points to 2,018, while the DSES index, representing Shariah-compliant companies, added 26 points to reach 1,071.
Market turnover surged to Tk 4.0 billion, reflecting increased trading activity. Market breadth was overwhelmingly positive, with 377 advancing issues, five declining, and six unchanged.
Khan Brothers led the turnover chart with shares worth Tk 202 million changing hands, followed by KDS Accessories, BRAC Bank, and Acme Laboratories.
Meanwhile, the Chittagong Stock Exchange (CSE) also recorded gains, with its All Shares Price Index (CASPI) climbing 141 points to 14,630, signaling a broadly bullish sentiment in Bangladesh’s equity markets.
The ceasefire news appears to have provided a strong short-term boost, reinforcing hopes for stability in both domestic and global markets.
