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Stocks ended sharply higher as buyers turned back to take positions in equities owing to a sense of optimism regarding a positive shift.
The prime index of the Dhaka Stock Exchange (DSE) increased 197.15 points to settle at 5,426.42.
This is the highest rise in the last 43 months in percentage terms. On Tuesday, DSEX rose by 3.77 per cent. A bigger rise than this was on January 3, 2021; on that day, DSEX rose by 4.01 per cent.
Saiful Islam, president of the DSE Brokers Association, There is a positive change in the country. The change was expected. This is a market of hope. People are hopeful now.
The capital market of the country experienced a strong rebound as buyers turned back to take positions in equities owing to a sense of optimism regarding a positive shift of the market’s momentum following the recent developments in the country’s political landscape. According to EBL Securities.
The blue-chip index DS30, a group of 30 prominent companies, saw a 75.71-point increase to 1935, while the DSES Index, which represents Shariah-based companies, saw a 32.76-point increase to 1,176.61 till the end.
Turnover, a crucial indicator of the market, stood at Tk 7.5 billion, up 261 per cent from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 397 issues traded, 328 closed higher, 60 ended lower, and 9 remained unchanged on the DSE trading floor.
Trust Bank Limited was the most-traded stock, with shares worth Tk 483.54 million changing hands, followed by Uttara Bank PLC., Agni Systems Ltd., Techno Drugs Ltd and Square Pharmaceuticals PLC.
The Chittagong Stock Exchange (CSE) also ended lower with its All Share Price Index (CASPI) rising 467 points to settle at 15393 and the Selective Categories Index (CSCX) gaining 284 points to settle at 9279.
The port city bourse traded 3.32 million shares and mutual fund units with a turnover volume of Tk 92.94 million.