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Stocks opened higher on Monday as investors continued to buy shares, encouraged by budgetary incentives and optimism surrounding news of a ceasefire agreement between the United States and Iran.
The benchmark DSEX index of the Dhaka Stock Exchange (DSE) climbed 30 points, or 0.53 per cent, to 5,655 by 11:00am, reflecting renewed investor confidence following the ceasefire announcement.
The United States and Iran said they had reached an agreement to end hostilities and reopen the Strait of Hormuz, sending a wave of relief through global financial markets and easing concerns over potential disruptions to energy supplies.
Investor sentiment was also buoyed by a series of measures proposed in the national budget for FY2026-27. Finance Minister Amir Khosru Mahmud Chowdhury unveiled a range of initiatives considered supportive of the capital market, including tax relief, regulatory reforms and sector-specific incentives aimed at boosting corporate profitability, improving cash flow and encouraging fresh investment.
Market operators said investors are increasingly optimistic that the newly appointed leadership of the Bangladesh Securities and Exchange Commission (BSEC) will focus on enhancing market transparency, strengthening corporate governance and restoring investor confidence.
The government's repeated commitment to revitalising the stock market has further improved sentiment, prompting many investors to increase their exposure to equities.
Turnover on the premier bourse reached Tk 4.65 billion within the first hour of trading, indicating strong investor participation.
Market breadth remained firmly positive, with 213 issues advancing, 109 declining and 64 remaining unchanged.
IPDC Finance topped the turnover chart, with shares worth Tk 531 million changing hands by 11:00am.
The Chittagong Stock Exchange (CSE) also witnessed a positive start. Its benchmark CASPI index rose 23 points to 15,366, while the CSCX index gained 2 points to 9,413 in early trading.
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