Dhaka stocks soared by a substantial 197 points, marking a 3.77 per cent increase, as investors returned to the market with renewed optimism.
This surge is attributed to a positive shift in the country’s political landscape, which has sparked confidence among buyers. Accompanying this market uptick, turnover skyrocketed by 261 per cent, reaching Tk 750 crore, compared to Tk 207 crore in the previous trading session.
The DSEX, the key index of the Dhaka Stock Exchange (DSE), experienced an unprecedented surge, climbing by 197.2 points to settle at 5,426 from the previous session's 5,229 points. This marks the highest gain in three and a half years.
Investor enthusiasm was palpable from the session's start, driven by hopes for imminent political stability following the resignation and departure of Sheikh Hasina from the prime minister's position on Monday.
A remarkable 18 out of 19 sectors witnessed gains, with only one sector in the red. Among the 398 traded scrips, 318 advanced, 60 declined, and nine remained unchanged, reflecting broad-based confidence across the market.
Trust Bank topped the turnover chart while ACMEPL was the top gainer with SONARBAINS being the worst sufferer. Five stocks were traded at the floor price.
In the block market, shares worth Tk 15.8 crore were transacted, representing a turnover of 2.1 per cent. The SME index, DSMEX, inched up by 0.71 points, and the market generated a Tk 14 crore turnover which is a 130 per cent surge when compared to the previous session.
According to the Royal Capital Financial Portal, SQURPHARMA and BXPHARMA were the contributors to the gains and losses of the DSEX on the day, and bullish conditions prevailed in the market from the very beginning.
The indices remained elevated throughout the session, with buyers dominating the trading floor and driving price appreciation across most scrips, according to EBL Securities' daily market review.
The Chittagong Stock Exchange (CSE) also closed on a positive note. The CSCX and CASPI indices added 284.0 and 467.1 points, respectively. On the CSE, 52 issues declined, 159 advanced, and 11 remained unchanged, with a trading volume of 33.16 lakh shares and mutual fund units, amounting to a turnover of Tk 9.29 crore.
