Stocks extend rally

Stocks extended their rally today, with the benchmark index of the Dhaka Stock Exchange (DSE) gaining more than 45 points as strong investor confidence and robust buying interest lifted the market.
The DSEX, the broad index of the DSE, rose 45.2 points to close at 5,849, up from 5,804 in the previous session.

Market analysts attributed the upbeat sentiment to investor optimism over regulatory and political commitments aimed at strengthening the country’s capital market, which encouraged broad-based accumulation of fundamentally attractive stocks, reports BSS.

Trading remained positive throughout the session despite some profit-taking, as sustained buying interest reinforced the market’s upward momentum.

Turnover on the premier bourse jumped 16.9 percent to Tk 1670 crore from Tk 1430 crore in the previous session, crossing the Tk 1600 crore mark for the first time in nearly two years. Among sectors, General Insurance dominated turnover with a 16.9 percent share, followed by Textile (12.2 percent) and Engineering (8.7 percent).