Stocks maintain upward trajectory for 3rd consecutive session

Stocks on Monday maintained upward trajectory for a third consecutive session, with the benchmark index of the DSEX holding firmly above the 5,600-point mark amid sustained investor confidence and selective buying in blue-chip shares.

The Dhaka Stock Exchange (DSE) saw the DSEX advance by 15.4 points to close at 5,641, compared to 5,625 in the previous session, reports BSS.

Market activity remained relatively strong, with turnover rising 7.2 percent to TK 1460 crore from TK 1360 crore in the preceding session, regaining the TK 1500 crore level after a week.

Trading sentiment was supported by continued accumulation in heavyweight banking stocks, particularly Islami Bank Bangladesh PLC, amid regulatory and government-backed measures aimed at easing liquidity pressures in the sector.

However, intermittent profit-booking emerged in the final trading hour as the index touched a nine-and-a-half-month high.

Sector-wise performance remained mixed. General Insurance accounted for the highest share of turnover at 15.9 percent, followed by the Bank sector at 13.3 percent and Textile at 10.1 percent.

Among gainers, Ceramic rose 1.9 percent, Bank 1.2 percent, and Cement 0.9 percent, while Miscellaneous declined 3.9 percent, Life Insurance 3.1 percent, and General Insurance 1.1 percent.

Out of 396 traded issues, 142 advanced, 181 declined, and 73 remained unchanged, reflecting a broadly mixed market tone despite sustained underlying participation.

The Chittagong Stock Exchange also ended on a positive note, with its Selective Categories’ Index (CSCX) gaining 12.6 points and the All Share Price Index (CASPI) rising by 52.3 points, indicating parallel momentum in the port city bourse.