Stocks continue their winning streak

Both of the country’s major stock exchanges, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), maintained an upward trajectory today, following a positive trend as investors continued their buying momentum in large-cap stocks amidst growing optimism.

The DSEX, the broad index of the DSE, rose by 24 points, or 0.5%, reaching a two-month high of 5,224 points, compared to 5,200 points in the previous trading session.

Market analysts noted that buying activity dominated throughout the day, with optimistic investors actively pursuing rallies in sector-specific stocks. Additionally, price gains in blue-chip shares contributed to further strengthening the market’s upward momentum.

Meanwhile, market turnover saw a slight increase of 4.7%, reaching Tk 4.9 billion, up from Tk 4.7 billion in the previous session.

In terms of sector performance, the Textile sector led the turnover with 14.6%, followed by the Pharma sector at 11.9% and the Engineering sector at 11.7%. Most sectors showed positive returns, with Mutual Funds (2.8%), Ceramics (2.5%), and Life Insurance (2.3%) seeing the most significant gains. However, the Jute (-1.2%), Paper (-0.5%), and Tannery (-0.5%) sectors experienced the largest declines. Of the 397 issues traded, 216 advanced, 122 declined, and 59 remained unchanged.

Similarly, the Chittagong Stock Exchange (CSE) also had a positive session. The Selective Categories’ Index (CSCX) rose by 9.9 points, and the All Share Price Index (CASPI) gained 16.1 points.

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