Stocks rebound as investor confidence returns

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Stocks rebound as investor confidence returns

B Mirror Report: Stocks resumed their recovery trend today following a largely flat session previously, as easing concerns over immediate domestic fuel supply shocks boosted investor confidence and prompted participants to capitalize on near-term market gains.

The Dhaka Stock Exchange’s broad index, DSEX, rose by 76.2 points to settle at 5,368 points, up from 5,292 points in the prior session.

While the benchmark index remained largely flat until mid-session due to balanced buying and selling pressures, momentum picked up in the latter half, leading to broad-based price gains across most scrips.

Market turnover also climbed 13.0 percent, reaching Taka 5.9 billion, compared with Taka 5.2 billion in the previous session.

On the sectoral front, Banking (14.7%) led turnover, followed by Pharmaceuticals (14.1%) and Food (11.5%). All sectors posted positive returns, with Cement (5.1%), Travel (2.7%), and IT (2.6%) recording the largest gains.

Of the 397 issues traded, 307 advanced, 32 declined, and 58 remained unchanged.

Meanwhile, the Chittagong Stock Exchange (CSE) also ended in positive territory, with the Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) gaining 64.5 points and 111.5 points, respectively.

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