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Stocks ended higher on Monday, as the majority of scrips witnessed a mild recovery.
The prime index of the Dhaka Stock Exchange (DSE) increased 16.89 points to settle at 5,202.
The benchmark index of the Dhaka bourse managed to stay afloat in green territory with the majority of scrips witnessing a mild recovery, although overall market sentiment remains subdued as cautious investors are still watchful of the market’s momentum, according to EBL Securities.
The blue-chip index DS30, a group of 30 prominent companies, saw a 2.48 -point increase to 1913.43, while the DSES Index, which represents Shariah-based companies, saw a 2.90 -point increase to 1,168.43 till the end.
Turnover, a crucial indicator of the market, stood at Tk 5 billion, up 26 per cent from the previous trading day.
The indices observed another topsy-turvy session as the market opened higher, riding on price appreciation of sector-specific issues, while risk-averse investors' subsequent cautious selling approach eroded most of the early gains, EBL Securities noted.
The majority of the stocks saw a price increase, as out of the 397 issues traded, 238 closed higher, 98 ended lower, and 61 remained unchanged on the DSE trading floor.
NRB Bank PLC was the most-traded stock with shares worth Tk 305.23 million changing hands, followed by Emerald Oil Industries Ltd, Genex Infosys PLC, Techno Drugs Ltd and Agni Systems.
The Chittagong Stock Exchange (CSE) ended up with its All Share Price Index (CASPI) increasing 23.9 points to settle at 14458.71 and the Selective Categories Index (CSCX) increasing 10.95 points to settle at 8857.2.
The port city bourse traded 2.80 million shares and mutual fund units with a turnover volume of Tk 65.12 million.