Dhaka stock indices post mixed results in early trade amid cautious optimism

Business Report:

The Dhaka Stock Exchange (DSE) displayed a mixed trend during the early hours of trading on Thursday, reflecting cautious investor sentiment following a week of subdued market activity.

As of 12:08 PM, the DSEX-the benchmark index of the premier bourse-registered a modest gain of 4.59 points or 0.08 percent to stand at 5,368.54. This upward movement suggests a tentative return of buying interest after the index experienced mild fluctuations earlier in the week,

struggling to hold ground above the 5,350 level due to lackluster investor confidence and limited market triggers.

In contrast, other key indices failed to maintain upward momentum. The Shariah-compliant DSES index declined by 2.82 points or 0.24 percent to settle at 1,175.60, indicating weaker performance among Shariah-based stocks. Meanwhile, the DS30 index, which tracks the performance of 30 leading blue-chip companies, fell by 8.68 points or 0.42 percent, closing at 2,077.53-underscoring profit-booking in fundamentally strong stocks amid ongoing market volatility.

Turnover, a crucial indicator of market participation, stood at Tk 462.05 crore during the session, marking a slight improvement over the previous few sessions when turnover frequently hovered below Tk 400 crore.