The Dhaka Stock Exchange’s key index, DSEX, experienced a turnaround session as investors directed their funds towards insurance shares. Initially, during the first hour of trading, the market faced selling pressure, causing a dip in the DSE index. However, the market rebounded as bargain hunters entered, investing in insurance shares, which helped the index recover from its earlier decline. This shift was attributed to investors’ appetite for quick gains, as insurance shares had been under selling pressure for the past two weeks but were now seen as attractive for potential capital gains.
As a result, six insurance companies found themselves among the top ten gainers, with Republic Insurance leading the way with a substantial 9.96% increase in its share price. By the end of the session, DSEX had gained 8 points, reaching 6,272. Despite this positive development, the turnover value of the DSE decreased by 12% to Tk465 crore compared to the previous session, indicating some caution or reduced trading activity in the market.
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