Tuesday’s modest increases in Dhaka stocks were offset by a decline in the blue-chip index as bargain hunters continued to place bets on shares related to certain sectors in the hope of making rapid gains.

As many companies dropped to profitable levels, new investors were drawn to the market by its recent wild fall, according to market watchers.

With turnover reaching Tk 5.93 billion, the highest level in three weeks, up 51% from the previous day, strong market liquidity played a major role in the market rise.

Half of the day’s total turnover was made up of bets on stocks by hopeful investors in the pharmaceutical, life insurance, engineering, and textile industries.

The market index increased for the second day despite significant turnover as certain profitable stocks experienced significant price increases.

The market index increased for the second day on the back of strong turnover and significant price increases in a few profitable stocks.

As a result, after rising by over 2 points the day before, the benchmark index of the Dhaka Stock Exchange (DSE) increased by about 12 points, or 0.22 percent, to close at 5,247

Top index movers included Beximco Pharma, Prime Bank, Lafarge Holcim, Beacon Pharma, and Fortune Shoes. Together, they contributed to an index rise of about ten points.

Due to buyers’ sustained dominance, the price of most equities has continued to However, given the current macroeconomic difficulties, stated investors tended to concentrate on short-term wagers. Both sides of the trading fence saw activity from investors, but buyers ultimately ended up on the winning side as some investors tried to acquire positions in specific stocks that had experienced notable corrections, according to EBL Securities. But wary investors opted to keep a close eye on things because they were concerned about the market’s momentum before the national budget for FY25 was announced, according to the stockbroker. The Shariah-based companies are represented by the DSES Index, which increased by nearly 4.4 points to 1,142. Still, the index of blue chips A group of 30 well-known companies, called DS30, dropped to 1,852 with 4.4 points. The majority of the industries saw gains, with life insurance posting the largest gain at 2.9%, led by Rupali Life Insurance, which increased by more than 9%, and then the tannery and IT. Conversely, mutual funds saw the biggest decline, falling 1.1%, and were trailed by travel and services.