Stocks rise for a second day

TIMES Report
2 Min Read
Logo of Dhaka Stock Exchange (DSE). Photo: Collected

The Dhaka Stock Exchange (DSE) continued its positive momentum for the second consecutive day, with investors showing sustained interest in large-cap stocks, although profit booking capped the rally.

The DSEX, the benchmark index of the country’s premier bourse, gained 10.7 points, or 0.19 per cent from the previous session, to close at 5,632 points.

The Shariah-based DSES and blue-chip DS30 also posted slight gains of 0.04 per cent and 0.03 per cent, respectively.

Investor participation remained robust, with daily turnover increasing by 9.4 per cent to Tk1,397.56 crore.

Block trades contributed significantly, accounting for Tk40.04 crore of the total turnover.

Sectoral performance was mixed, with the banking sector leading turnover at 16.4 per cent, followed by pharmaceuticals at 13.5 per cent and textiles at 9.9 per cent. The ceramics, mutual funds, and financial institutions sectors showed the most positive returns, while sectors like travel, services, and engineering saw corrections.

Among the 397 issues traded, 182 advanced, 163 declined, and 52 remained unchanged. Notably, shares of Intech surged by 9 per cent while that of HR Textile was the worst performer, declining by 10 per cent.

Meanwhile, the Chittagong Stock Exchange (CSE) also ended the day on a positive note, with the Selective Categories’ Index and All-Share Price Index rising by 53.7 points and 78.8 points, respectively.

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