The DSEX at the Dhaka Stock Exchange reached a 16-month high, surpassing 6,400 points, primarily driven by robust performances in the banking sector amid a selling trend in other segments. The index gained 73 points, settling at 6,447, while the DS30 blue-chip index rose by 21 points to close at 2,159.
The daily turnover stood at Tk1,852 crore, with 196 declining scrips, 165 advancing, and 33 remaining unchanged. Investors displayed increased interest in purchasing bank shares following the removal of the floor price, suggesting a return for potential long-term investors. EBL Securities noted the market’s positive momentum, fueled by optimism in the banking sector due to upcoming year-end declarations.
Banking stocks yielded the highest return of 4.3%, with SBAC, Social Islami Bank, National Bank, ICB Islamic Bank, and AB Bank leading the sector. The pharmaceutical sector recorded the highest turnover, followed by the banking and engineering sectors. The Chittagong Stock Exchange also experienced gains, with the CSCX and CASPI indices advancing.
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