Stocks start week on strong footing

Business Desk:

Stocks on Sunday commenced the week on a strong footing with broad-based price appreciation across most scrips, particularly riding on investors’ sustained buying interest and heightened participation
in the banking sector scrips.

DSEX, the broad index of the Dhaka Stock Exchange (DSE), advanced by 39.1 points or 0.8 percent to settle at 5,193 points, as against 5,154 points in the previous trading session, reports BSS.

Market analysts observed that the indices opened on a positive note and sustained a buoyant upbeat trajectory throughout the session owing to opportunistic investors’ repositioning into fundamentally strong scrips amid expectations of a favorable market momentum.

Apparently, market turnover increased by 13.9 percent (PC) to Taka 6.3 billion from Taka 5.5 billion in the previous session.

On the sectoral front, Bank (18.3pc) issues exerted the highest turnover, followed by Pharma (13.2pc) and General Insurance (10.3pc) sectors.