Dhaka stocks rebounded on Monday as investors shrugged off Middle East tensions and returned to equities at attractive levels, lifting the benchmark index in broad-based buying.
The Dhaka Stock Exchange’s (DSE) broad-based index DSEX gained 1.3 per cent to 5,534 points, up from 5,462 points in the previous session.
The market opened with strong buying pressure, with most scrips trading higher at the outset.
The index surged more than 100 points during mid-session trading before late profit-taking trimmed part of the gains, although buyers retained control by the close, EBL Securities wrote in its post-closing market commentary.
Turnover stood at Tk7.7 billion, indicating steady investor participation.
Banking sector accounted for 26.5 per cent of the total turnover, followed by pharmaceuticals’ 16.8 per cent and textiles’ 7.9 per cent contribution to the daily turnover on the DSE.
Among sectors, financial institutions gained 4.5 per cent, services advanced 3.1 per cent and travel rose 3.0 per cent, posting the strongest returns on the bourse.
Of the 397 issues traded, 338 advanced, 37 declined and 22 remained unchanged.
The Chittagong Stock Exchange also closed higher, with the CSE Selective Categories Index (CSCX) gaining 0.8 per cent and the All-Share Price Index (CASPI) rising 1 per cent.
