Country’s two bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), on Thursday extended their upward momentum as easing earnings-related uncertainties reduced selling pressure, while opportunistic investors continuing to accumulate stocks with favourable earnings declarations kept the positive sentiment firmly intact.
DSEX, the broad index of the DSE, increased by 29.8 points to settle at 5,122 points as against 5,092 points in the previous trading session.
Market analysts observed that the market started with upbeat momentum and experienced moderate volatility in the early hours; however, as the session progressed, buyers emerged dominant, driving the index steadily higher to close on a strong note.
Meanwhile, market turnover decreased by 5.5 per cent to Taka 4.8 billion from Taka 5.0 billion in the previous session.
On the sectoral front, Pharma (13.9 per cent) issues exerted the highest turnover, followed by Engineering (11.5 per cent) and Textile (10.3 per cent) sectors. Sectors mostly displayed positive returns, out of which Travel & Leisure (3.1 per cent), Ceramics (2.8 per cent) and Life Insurance (2.7 per cent) exerted the most positive returns, while only Jute (-1.0 per cent) & Services (-0.1 per cent) exhibited corrections on the bourse on Thursday.
Out of the 397 issues traded, 239 advanced, 79 declined and 79 remained unchanged.
The port city bourse, CSE, also settled on a positive zone. The Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) increased by 6.4 points and 12.6 points, respectively.
