Country’s both the bourses—Dhaka Stock Exchange and Chittagong Stock Exchange – on Monday witnessed an upward trend like earlier as investor sentiment remained upbeat, particularly toward banking sector scrips amid renewed sector specific optimism following recent reform initiatives undertaken by the central bank.
DSEX, the broad index of the DSE, surged by 82.1 points or 1.7 per cent to settle at 4,976 points as against 4,894 points in the previous trading session.
Market analysts observed that buyers’ dominance persisted throughout the session, with buying interest also witnessed in certain large-cap scrips trading at attractive valuations, enabling the bulls to retain the helm of the market momentum and driving the benchmark index to surpass a two-month high.
Market turnover was also increased by 13.3 per cent to Taka 5.7 billion as against Taka 5.1 billion in the previous session.
On the sectoral front, Bank (26.7 per cent) issues exerted the highest turnover, followed by Pharma (13.2 per cent) and Textile (10.3 per cent) sectors.
Most of the sectors ended in green, out of which Bank (3.9 per cent), Mutual Fund (2.9 per cent) and Financial Institutes (2.2 per cent) exhibited the most positive returns on the bourse today.
Out of the 397 issues traded, 277 advanced, 72 declined and 48 remained unchanged.
The port city bourse also experienced a bullish vibe. The Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) propelled by 113.1 and 184.2 points, respectively.
