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Stocks closed higher on Monday as bargain-hunting in beaten-down stocks provided a lift.
The prime index of the Dhaka Stock Exchange (DSE) increased by 16.50 points to settle at 5,190.95.
The country's capital bourse saw a modest recovery, although overall market participation remained muted amid uncertainty surrounding market momentum, according to EBL Securities.
The blue-chip index DS30, comprising 30 leading companies, increased by 9.92 points to 1,890.28, while the DSES Index, representing Shariah-compliant companies, increased by 5.69 points to 1,162.13 by the close.
The trading session began with cautious selling pressure from investors, which persisted until mid-session. However, buying interest picked up in the latter half, helping market indices close in positive territory, EBL Securities said.
Turnover, a crucial indicator of the market, stood at Tk 3.38 billion, up 0.42 per cent from the previous trading day.
The majority of the stocks saw a price increase, as out of the 394 issues traded, 174 closed higher, 134 ended lower, and 83 remained unchanged on the DSE trading floor.
Orion Infusion was the most-traded stock with shares worth Tk 222.02 million changing hands, followed by Beach Hatchery, Alif Industries, Taufika Foods and Lovello Ice-Cream and Linde Bangladesh.
On the sectoral front, the Food sector accounted for the highest turnover at 16.3%, followed by Textile (16.1%) and Pharma (15.0%) sectors. Sectoral performance was mixed, with Paper (3.5%), Travel (1.4%), and Life Insurance (0.7%) showing the most positive returns. Conversely, the Fuel & Power (-0.6%), Miscellaneous (-0.5%), and Financial Institutions (-0.3%) sectors recorded the most declines.
The Chittagong Stock Exchange (CSE) also ended up with its All Share Price Index (CASPI) increasing by 7.43 points to settle at 14467 and the Selective Categories Index (CSCX) increasing by 7.23 points to settle at 8777.
The port city bourse traded 1.64 million shares and mutual fund units with a turnover volume of Tk 40.98 million.