DSE market cap rises by 1.07%

The flagship index of the Dhaka Stock Exchange, the DSEX, experienced an upward trend throughout Thursday's trading session, posting a 1.07 per cent increase in market capitalisation compared to the previous trading day.

Additionally, trading volume surged by 52 per cent, and turnover saw a significant boost of 84 per cent.

The DSEX gained 1.60 per cent or 82.75 points, closing at 5,244.13 at the end of trading. The blue-chip index, DS30, ended the session at 1,875.48 points, while the Shariah-based index, DSES, closed at 1,146.06 points.

All large-cap sectors posted positive performance, while Engineering booked the highest gain of 5.24 per cent. Block trades contributed 25.0 per cent of the overall market turnover, with Asiatic Laboratories Limited (+4.6%) being the most traded share with a turnover of Tk 14.6 crore.

The capital bourse logged back-to-back positive sessions, aided by the price appreciation of large-cap stocks as bargain hunters maintained their control across the trading floor and collected blue-chip companies' shares deemed to be trading at lucrative price levels, said EBL Securities in its daily market review.

The market has somewhat recovered from its intense bearish spell, with optimistic investors shifting the market pulse towards buyer dominance by capitalising on oversold issues since the market has undergone prolonged corrections, the review added.

According to the Royal Capital Financial Portal, SQURPHARMA and PUBALIBANK were the primary contributors to the day's gains and losses of the DSEX index, respectively. Bullish conditions prevailed in the market from the start, driving the overall performance.

Of the day's 398 securities, prices of 288 securities closed higher against 55 losing issues, while 50 remained unchanged at the DSE.

Meanwhile, market turnover increased by 84 per cent to Tk 452.94 crore against Tk 246.44 crore logged in the previous session.

The SME index, DSMEX, increased by 37.96 points, and the market generated a Tk 8.2 crore turnover, a 293 per cent increase from the previous session, according to Royal Capital.

On the sectoral front, Food, with 20.0 per cent issues, exerted the highest turnover, followed by Pharma with 16.7 per cent and Textile with 8.8 per cent.

All the sectors displayed positive returns, out of which Jute, with 7.0 per cent, Engineering, with 5.2 per cent and Paper, with 4.6 per cent, exhibited the most positive returns on Thursday's bourse.

The port city's bourse, the Chittagong Stock Exchange, also settled on green terrain. The selected indices, CSCX and the All-Share-Price-Index, CASPI, rose by 113.3 and 178.4 points, respectively.