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Stocks opened on a positive note on Wednesday, albeit with a slow trend, as investors remained cautious amid prevailing geopolitical tensions in the Middle East.
Market insiders said investors were also concerned about the recent adjustment in domestic fuel prices and ongoing uncertainties surrounding the Middle East conflict.
A steep increase in fuel prices has sent fresh shockwaves through the country’s corporate sector and capital market, raising concerns over profitability, inflation, and overall economic momentum.
Following the previous day’s gains, the benchmark index of the Dhaka Stock Exchange (DSE) edged up by 7 points, or 0.14 per cent, to 5,306 as of 11:00 am, when the report was filed.
The DS30 index, comprising 30 leading companies, rose 6 points to 2,010, while the DSES index, which represents Shariah-based companies, advanced 4 points to 1,070.
Turnover, a key market indicator, remained low at Tk 2.65 billion at that time.
Among the traded issues, 181 advanced, 126 declined, and 79 remained unchanged on the DSE trading floor.
City Bank topped the turnover chart, with shares worth Tk 158 million changing hands, followed by Dominage Steel, Sino-Bangla Industries, Paramount Textile, and BRAC Bank.
The Chittagong Stock Exchange also witnessed a positive trend, with its All Shares Price Index (CASPI) gaining 27 points to 14,824, while the Selective Categories Index (CSCX) rose more than 14 points to 9,084.
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