The Dhaka Stock Exchange (DSE) indices continue their upward trend as investors show renewed interest following recent corrections. The benchmark DSEX gained 42 points, reaching 6,323 points, nearing the previous year’s peak of 6,367 points. Market turnover increased by 4.75%, reaching Tk1655 crore year-on-year.
The blue-chip index, DS30, rose by 9 points, while the Shariah-compliant stocks’ index, DSES, increased by 6 points. Despite the positive trend, concerns arise as the share prices of fundamentally weak companies surge without apparent justification. Companies like Khulna Printing & Packaging Ltd. and Standard Ceramics Industries experienced significant increases despite operational challenges.
EBL Securities notes a surge in Dhaka stocks driven by heightened buying activity and optimism around appealing investment opportunities. Engineering stocks led sectoral contributions to turnover, followed by Pharma & Chemical and General Insurance. Financial analysis suggests the market is influenced by investor optimism and sector-specific buying activity.