The Bangladesh stock market posted gains for the second consecutive day as cautious investors turned to blue-chip shares, expecting strong earnings reports from corporations. Islami Bank Bangladesh led the charge with a remarkable 25.19% increase in share price, drawing significant interest alongside companies like Beacon Pharmaceuticals and Grameenphone. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose by 17.57 points (0.30%), closing at 5,777. The DSES index saw an increase of 14.30 points (1.12%), while the DS30 index for blue-chip firms grew by 12.45 points (0.59%) to reach 2,109.
Among the 395 listed issues, 93 experienced price increases, 262 saw declines, and 40 remained unchanged. Total turnover at the DSE rose by 6.56% to Tk 718 crore, with Grameenphone topping the turnover chart at Tk 60 crore. Sector performance was mixed: telecommunications and food sectors saw gains, while the fuel and power, engineering, and non-bank financial institutions faced losses. Hami Industries topped the gainers’ list, whereas Standard Ceramic Industries suffered the largest drop, losing 3.76%. Overall, market activity reflected varied performances across sectors and individual stocks.
Source for more details:
