Stocks end week in positive territory

BSS
Published On: 07 Feb 2025, 16:33

DHAKA, Feb 7, 2025 (BSS) - Stocks has ended the week in positive territory as easing inflation and declining treasury yields spurred bargain hunters to take positions in lucrative scrips amid expectations for a slight reversal from the market's prolonged bearish sentiment. 

Moreover, better-than-expected earnings disclosure of sector-specific scrips has also somewhat invigorated the market from weakened momentum. 

Additionally, Investors' buying interest in certain December-closing scrips, including the Bank stocks, ahead of their upcoming corporate declarations also contributed to the market's sustained upbeat vibe throughout the week. 

DSEX, the broad index of the Dhaka Stock Exchange (DSE), gained 66.3 points, or 1,3%, to settle at 5,179 points.

Investors participation in the market also increased by 25.8% to Taka 4,766 million as against Taka 3,390 millio in the previous week. Investors were mostly active in Bank sector (14.9%), followed by Textile sector (14.2%) and Pharma sector (13.3%).

Most of the sector ended in green with financial institutions sector (4.9%) being the highest gainer.

Chittagong Stock Exchange (CSE) also closed the week up with its major CASPI index ending 218.15 points higher at 14512.24.

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