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Stocks ended marginally higher on Thursday, but investor participation remained low, as many were reluctant to invest in shares to avoid further capital erosion.
The prime index of the Dhaka Stock Exchange (DSE) increased by 8.59 points, settling at 5,462.58. The blue-chip index DS30, which tracks 30 prominent companies, saw a gain of 2.82 points, closing at 1,990.85. Meanwhile, the DSES Index, representing Shariah-compliant companies, rose by 1.56 points to finish at 1,221.27.
Turnover, a crucial indicator of market activity, stood at Tk 3.16 billion, marking a 28.42 per cent decline from the previous trading day. This represents the lowest trading volume in two months, with the last lower figure recorded on August 4 of this year.
The majority of stocks experienced price increases, with 209 of the 397 issues traded closing higher, 138 ending lower, and 50 remaining unchanged on the DSE trading floor.
IBN SINA Pharmaceutical was the most-traded stock, with shares worth Tk 151.54 million changing hands, followed by Midland Bank PLC, Islami Bank Bangladesh, Grameenphone, and Social Islami Bank.
In contrast, the Chittagong Stock Exchange (CSE) ended lower, with its All Share Price Index (CASPI) losing 19.26 points to settle at 15,272. The Selective Categories Index (CSCX) also decreased by 9.57 points, closing at 9,275.
The port city bourse traded 1.45 million shares and mutual fund units, with a turnover volume of Tk 28.87 million.