Stocks extended their rally on Sunday, with the benchmark index of the Dhaka Stock Exchange (DSE) crossing the 5,700-point mark for the first time in nearly 22 months amid strong buying interest and improving investor confidence.
The DSEX, the DSE's broad index, rose 66.9 points to close at 5,720, up from 5,653 in the previous session.
The market opened higher and maintained steady gains throughout the session as investors remained active across most sectors.
Market analysts attributed the rally to an improving market outlook, easing geopolitical concerns and the continued appeal of equities, supported by tax rebate facilities.
Turnover on the premier bourse jumped 23.4 percent to Tk 13.7 billion from Tk 11.1 billion in the previous session.
Heavy trading in BEXIMCO shares, which rebounded after a prolonged slump, also boosted overall market activity.
The banking sector accounted for the largest share of turnover at 16.3 percent, followed by the miscellaneous sector at 11.9 percent and engineering at 11.2 percent.
Most sectors ended higher. The ceramic sector led the gains with a 2.9 percent rise, followed by miscellaneous (2.2 percent) and food (1.7 percent). General insurance and life insurance were the only sectors to post losses, slipping 0.4 percent and 0.1 percent, respectively.
Of the 396 issues traded on the DSE, 209 advanced, 129 declined and 58 remained unchanged, reflecting broad-based positive sentiment.
The Chattogram Stock Exchange (CSE) also closed higher, with its Selective Categories' Index (CSCX) gaining 136.4 points and the All Share Price Index (CASPI) rising 205.1 points.
Source: BSS
Bd-pratidin English/ Jisan
