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Stocks ended higher on Tuesday as bargain hunters favoured taking positions in potentially lucrative scrips.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), increased by 45.72 points to settle at 5,224.58.
The capital market continued its recovery for the second straight session, with bargain hunters taking positions in potentially profitable stocks following a series of corrections last week, according to EBL Securities.
The blue-chip index DS30, comprising 30 leading companies, advanced by 21.18 points to 1,929.50, while the DSES Index, tracking Shariah-compliant companies, rose by 14.29 points to close at 1,166.74.
The indices maintained an optimistic tone throughout the session, driven by the price gains of select large-cap stocks. According to EBL Securities, opportunistic investors dominated the trading floor, focusing on buying opportunities in anticipation of quick profits following recent market corrections.
Turnover, a crucial indicator of the market, stood at Tk 4.50 billion, up by 48.03 per cent from the previous trading day.
Most stocks saw price increases, as out of the 396 issues traded, 210 closed higher, 110 ended lower, and 76 remained unchanged on the DSE trading floor.
Orion Infusion was the most-traded stock, with shares worth Tk 352.30 million changing hands, followed by Bangladesh Shipping Corporation, Square Pharmaceuticals, The ACME Laboratories, and GPH Ispat.
The Chittagong Stock Exchange (CSE) also ended on a positive note, with its All Share Price Index (CASPI) increasing by 74 points to settle at 14,507.89 and the Selective Categories Index (CSCX) rising by 44.20 points to 8,833.50.
The port city bourse traded 4.26 million shares and mutual fund units, with a turnover volume of Tk 97.53 million.