Home Economy & insights DSE Opens Higher After Brief Pause as Investors Return to Buying

DSE Opens Higher After Brief Pause as Investors Return to Buying

Stocks opened on a positive note on Wednesday, rebounding after a one-day break as investors resumed buying amid renewed optimism in the market.

Market analysts said investors remained resilient despite ongoing domestic concerns and emerging geopolitical developments, helping the market recover from the previous session’s decline.

The benchmark DSEX index of the Dhaka Stock Exchange (DSE) advanced by more than 12 points, or 0.23 percent, to stand at 5,279 at 11:00am.

The DS30 index, comprising blue-chip companies, edged up by 0.64 point to 2,018, while the DSES Shariah-based index gained 5 points to reach 1,065.

However, market turnover remained modest, with transactions totaling Tk 2.20 billion during the period.

Among the traded issues on the DSE, 191 stocks advanced, 102 declined, and 88 remained unchanged.

Monno Ceramic Industries emerged as the top traded stock with shares worth Tk 200 million changing hands, followed by Dominage Steel Building Systems, Malek Spinning Mills, and Techno Drugs.

Meanwhile, the Chittagong Stock Exchange (CSE) also witnessed a positive trend. Its benchmark CASPI index rose by 7 points to 14,823, while the CSCX index gained more than 8 points to 9,118 by 11:00am.