DSE opens higher as pre-Eid selling pressure eases

Stocks on the DSE opened higher on Thursday as opportunistic investors continued to take positions in sector-specific shares, with pre-Eid selling pressure easing.

This marks the last trading session before the nine-day Eid vacation, as the market will remain closed from March 28 to April 5, including weekly holidays.

Market analysts noted that investors' interest in select large-cap stocks has contributed to the ongoing market recovery.

Following the previous day’s decline, the benchmark index of the Dhaka Stock Exchange (DSE) rose by over 7 points, or 0.13 per cent, to reach 5,221 at 11:00 am when the report was filed.

However, the DS30 index, which tracks 30 leading companies, edged down 0.90 points to 1,917, while the DSES index, representing Shariah-based firms, also dipped 0.35 points to 1,167 during the same period.

Turnover, a key market indicator, stood at Tk 812 million at that time.

By that time, out of the traded issues, 173 advanced, 94 declined, and 97 remained unchanged on the DSE trading floor.

Shinepukur Ceramics was the most traded stock till the filing of this report, with shares worth Tk 70 million exchanged by then.

Meanwhile, the Chittagong Stock Exchange (CSE) experienced a slight downturn, with its All Shares Price Index (CASPI) falling by 12 points to 14,545, while the Selective Categories Index (CSCX) dropped over 6 points to 8,847.

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