Stocks rebound as investor confidence returns

The country’s capital market on Thursday returned to positive territory in the week’s final trading session after two consecutive days of losses, buoyed by renewed investor confidence following the Prime
Minister’s recent remarks on capital market development and expectations of revisions to margin loan guidelines.

The benchmark DSEX of the Dhaka Stock Exchange (DSE) gained 33.8 points, or about 0.6 percent, to close at 5,804, recovering from the previous session’s close of 5,770.

Trading began on a strong note, although early profit-taking briefly slowed the market’s momentum. Persistent buying interest later absorbed the selling pressure, leading to broad-based gains across listed securities.

Turnover also improved significantly, rising 23.6 percent to Tk 1430 crore, compared with Tk 1160 crore in the previous session.

Among sectors, Textile dominated trading with 15.9 percent of total turnover, followed by General Insurance at 15.8 percent and Pharmaceuticals at 8.7 percent.

Sector-wise, Jute posted the highest gain with a 5.5 percent rise, followed by Paper (4.5 percent) and General Insurance (3.1 percent). In contrast, only Mutual Funds (-0.7 percent) and Telecommunications (-0.3 percent) ended the day in negative territory.

Market breadth remained positive, with 212 issues advancing, 113 declining, and 71 remaining unchanged out of 396 traded securities.

The Chittagong Stock Exchange (CSE) also finished higher, with the CSCX gaining 11.7 points and the CASPI rising 29.6 points.