Stocks start week flat amid Ramadan lull, Tariff concerns

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Stocks start week flat amid Ramadan lull, Tariff concerns

B Mirror Report: Stocks began the week on a subdued note as investors exercised caution, closely monitoring market momentum amid seasonally light trading during Ramadan. Rising uncertainties surrounding the US tariff framework also reinforced a careful approach among market participants.

The DSEX, the benchmark index of the Dhaka Stock Exchange, inched up by 1.9 points to close at 5,468, compared to 5,446 points in the previous session.

Following intraday swings, selective buying in major large-cap stocks during the late session provided partial support, keeping the market slightly positive by the close.

Market turnover recorded a modest increase of 1.4%, reaching Taka 5.7 billion from Taka 5.6 billion in the prior session.

On the sectoral side, Bank stocks dominated turnover at 18.2%, trailed by Pharma at 13.6% and Food at 12.7%. Sector performance was mixed: Services (1.2%), Bank (0.9%), and Financial Institution (0.6%) posted the highest gains, whereas Travel (-1.1%), IT (-1.0%), and Life Insurance (-0.9%) led declines.

Out of 397 traded issues, 123 advanced, 193 fell, and 81 remained unchanged.

In contrast, the Chittagong Stock Exchange (CSE) closed in the red. The CSCX (Selective Categories’ Index) and CASPI (All Share Price Index) dropped by 16.3 points and 46.7 points, respectively.

 

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