Stocks manage to settle in positive zone 

BSS
Published On: 06 Mar 2025, 18:03

DHAKA, March 6, 2025 (BSS) - Stocks today managed to settle in the positive zone as bargain hunters showed interest in certain speculative and December-closing scrips by capitalizing on the recent corrections despite continuing selling pressure amid lackluster market momentum during the Ramadan season. 

DSEX, the broad index of the Dhaka Stock Exchange (DSE), inched up by 7.3 points or 0.1% to settle at 5,204 points, as against 5,197 points in the previous trading session. 

The market opened on a positive note as bargain hunters continued taking positions, pulling up the benchmark index to an intraday high of 5,231 points within the first hour of the session.

However, selling pressure emerged later to fade the initial optimism, which dragged down the benchmark index, eroding most of the initial gains. 

Market turnover also increased by 10.9% to Taka 3.5 billion as against Taka 3.2 billion in the previous session. 

On the sectoral front, Bank (17.0%) issues exerted the highest turnover, followed by Pharma (15.4%) and Textile (13.6%) sectors. Sectors displayed mixed returns, out of which Tannery (1.9%), Fuel & Power (1.3%) and Financial Institutions (0.8%) exhibited the most positive returns on the bourse today, while Jute (-1.3%), Paper (-1.2%) and Textile (-0.5%) exerted the most corrections. 

Out of the 397 issues traded, 138 advanced, 169 declined and 90 remained unchanged.

The port city bourse, CSE, also witnessed a positive session today. The selected indices (CSCX) and increased by 1.8 points while All Share Price Index (CASPI) decreased by 3.3 points, respectively.

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