Stocks surge at DSE, CSE for second straight day

Business Desk :

Recovery momentum in the country’s capital bourse extended for a second consecutive session as investors drew comfort from indications of a potential de-escalation in the Middle East conflict and subsiding concerns over immediate fuel supply shocks within the country, which helped ease broader apprehensions surrounding the market’s near-term trajectory.

DSEX, the broad index of the Dhaka Stock Exchange (DSE), further recovered 148.3 points to settle at 5,290 points as against 5,141 points in the previous trading session.

The market started off with predominant buying pressure, while the momentum strengthened steadily as the session progressed, which led to broad-based price appreciation across most scrips for consecutive sessions.
Meanwhile, market turnover also increased by 42.7per cent to BDT 5.9 billion from BDT 4.2 billion in the previous session.

On the sectoral front, Bank (24.0per cent) accounted for the highest share of turnover, followed by Food (15.5per cent) and Pharma (12.8per cent) sectors.

All the sectors displayed positive returns, out of which Telecom (4.7per cent), Bank (3.8per cent) and Life Insurance (3.8per cent) exhibited the most positive returns on the bourse today.

Of the 397 issues traded, 337 advanced, 13 declined, and 47 remained unchanged.

The port city bourse, CSE, also settled on a positive territory. The Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) advanced by 206.8 points and 332.3 points, respectively.