Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Dhaka Stock Exchange (DSE) has closed higher on the first trading day after a 10-day Eid-ul-Azha break, recovering from the pre-holiday volatility.
The benchmark DSEX index gained 14.91 points to close at 4,724, compared with 4,709 points at the last trading session on Jun 4.
On Sunday, trading began on a positive note as the index rose by 9 points in the first hour. However, selling pressure in the following hour dragged the index down by 6 points to 4,703 by midday.
The premier bourse of the country rebounded in the latter half of the session, driven by increased buying in food and allied sector stocks. Positive momentum continued until the close.
Turnovers rose modestly to Tk 2.63 billion, up from Tk 2.24 billion in the previous session. Shares of 145 companies advanced, 179 declined, and 68 remained unchanged.
Pharmaceuticals, banking, and food sector stocks posted the largest gains, while textiles, insurance, and engineering stocks saw the steepest declines.
The food and allied sector led trading, accounting for Tk 519 million, or 20.52 percent of total turnover. The banking sector followed with a 13.48 percent share, while pharmaceuticals and chemicals contributed 13.32 percent.
Asiatic Laboratories, Desh Garments, and Beach Hatchery posted the biggest gains while Phoenix Insurance, Padma Life Insurance, and Anlima Yarn languished among the losers.
The capital market remained shut from Jun 5 to 12 for the Eid holidays, followed by the regular Friday-Saturday weekend.