DSE edges up as turnover jumps 20.5pc despite late selling pressure

The benchmark index of the Dhaka Stock Exchange (DSE) ended almost flat on Sunday as late selling pressure erased most of the session’s early gains, although market turnover rose sharply following the Bangladesh Bank’s first policy rate cut in nearly two years.

The broad index, DSEX, gained just 0.2 points to close at 5,896, remaining below the psychologically important 5,900-point level despite briefly crossing the mark during early trading.

Market analysts said the central bank’s rate cut provided initial optimism, but persistent investor concerns over domestic economic conditions and geopolitical uncertainties prevented the market from sustaining its momentum.

Trading activity, however, improved significantly, with turnover rising 20.5 per cent to Tk1260cr from Tk 1040 cr in the previous session.