DSEX climbs to 3-month high

The benchmark index of the country’s capital market climbed to a three-month high on Wednesday, extending its winning streak to eight consecutive trading sessions as investor confidence remained strong amid expectations of supportive policy measures for capital market development.

The broad index of the Dhaka Stock Exchange (DSE), DSEX, advanced by 35.5 points to close at 5,442, up from 5,406 in the previous session.

Market sentiment remained upbeat throughout the trading day despite intermittent selling pressure, with sustained buying interest across a wide range of stocks reinforcing the ongoing upward trend.

Investors continued to accumulate fundamentally attractive and undervalued shares, encouraged by growing optimism over the market’s near-term outlook.

Turnover on the premier bourse surged past the Tk 1,280 crore mark for the first time in more than three and a half months, rising 18.4 percent to Tk 1,280 crore from Tk 1,080 crore in the previous session.

Sector-wise, Engineering dominated trading activity with 17.1 percent of total turnover, followed by Textile at 13.4 percent and Pharmaceuticals at 12.7 percent.

Most sectors ended the session in positive territory. The Services sector posted the highest gain of 3.7 percent, followed by Paper and Printing (3.2 percent) and Financial Institutions (2.9 percent). In contrast, the Banking sector was the lone loser, declining 0.5 percent.

Among the 396 issues traded, 242 advanced, 92 declined, and 62 remained unchanged, indicating broad-based participation in the rally.

The upbeat sentiment was also reflected at the Chittagong Stock Exchange (CSE). The CSCX gained 55.9 points, while the CASPI advanced 104.8 points, with both indices closing in positive territory.