The Dhaka Stock Exchange (DSE) experienced a significant upward trend, with the benchmark index surpassing the 5,800-point mark for the first time in nearly 22 months. The broad index, DSEX, gained 12.1 points to settle at 5,800, up from 5,787 in the previous trading session. This rally was driven by sustained investor confidence and positive market sentiment.
Market Performance and Sector Highlights
The market opened strongly and briefly moved beyond the 5,800-point mark as investors continued buying across major sectors. Although intermittent profit-taking during mid-session trimmed some of the early gains, buying pressure remained dominant until the close, allowing the market to maintain its positive momentum.
Turnover declined by 7.4 percent to Tk 14.2 billion from Tk 15.3 billion recorded in the previous session. Among the sectors, textile dominated trading with 17.4 percent of the total turnover, followed by pharmaceuticals (12.4 percent) and engineering (9.6 percent).
Sector-Wise Performance
Sector-wise performance remained mixed. The services sector posted the highest gain of 2.6 percent, followed by travel and leisure (1.7 percent) and cement (1.5 percent). On the other hand, the jute sector declined by 1.0 percent, while miscellaneous and paper sectors fell by 0.7 percent and 0.4 percent, respectively.
Overall Market Dynamics
Out of the 396 issues traded on the DSE, 164 advanced, 152 declined and 80 remained unchanged. Meanwhile, the Chittagong Stock Exchange (CSE) also ended higher. The CSCX index rose by 42.9 points, while the CASPI gained 73.6 points, reflecting continued positive sentiment in the country's secondary capital market.
Significance and Future Outlook
This upward trend in the stock market is a positive indicator for the economy, reflecting investor confidence and optimism about future growth. The sustained rally suggests that market participants are bullish on the prospects of various sectors, particularly services, travel, and cement. However, the mixed performance across sectors indicates that investors are being selective, focusing on sectors with stronger growth potential.
