Bangladesh
9 hours ago

Stocks jump at opening as investors welcome new budget

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Stocks opened sharply higher on Sunday as investors welcomed the proposed budgetary incentives and reform measures aimed at revitalising the capital market.

The benchmark DSEX index of the Dhaka Stock Exchange (DSE) climbed 50 points, or 0.90 per cent, to 5,570 by 11:00 am, reflecting renewed investor confidence following the announcement of the national budget for FY2026-27.

Finance Minister Amir Khosru Mahmud Chowdhury on Thursday proposed a series of measures considered supportive for the capital market, including tax reliefs, regulatory reforms and sector-specific incentives expected to boost corporate profitability, improve cash flows and encourage fresh investment.

Market operators said investors are increasingly optimistic that the newly appointed Bangladesh Securities and Exchange Commission (BSEC) leadership will focus on enhancing market transparency, strengthening corporate governance and restoring confidence among investors.

The government's repeated commitment to reviving the stock market has also contributed to improved sentiment, prompting many investors to increase their exposure to equities.

Turnover on the premier bourse reached Tk 4.10 billion within the first hour of trading, indicating strong participation from investors.

Market breadth remained firmly positive, with 223 issues advancing, 115 declining and 49 remaining unchanged.

BD Thai Aluminum dominated the turnover chart, with shares worth Tk 296 million traded by 11:00 am.

The Chittagong Stock Exchange (CSE), however, witnessed a mixed start. Its benchmark CASPI index fell 66 points to 15,129, while the CSCX index lost 52 points to 9,268 in early trading.

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