Stocks extend rally for fourth day

BSS
Published On: 08 Jul 2025, 18:36

DHAKA, July 08, 2025 (BSS) - Country's both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- today also continued its upward trajectory, extending its gaining streak for a fourth consecutive session.

DSEX, the broad index of the DSE, inched up by 5.5 points or 0.1% to settle at 4,982 points as against 4,976 points in the previous trading session. 

Market analysts observed that the market experienced heightened volatility throughout the session, with bearish sentiment triggered by concerns over the U.S. tariff move attempting to overshadow the bullish momentum triggered by positive macroeconomic developments, such as improved forex reserves and easing inflation. 

Despite profit-taking pressure in large-cap stocks, particularly in the banking sector, the market held firm and closed in positive territory with increased investor participation, they mentioned. 

Market turnover breaks the level of Taka 6.0 billion today, increased by 4.9% from Taka 5.7 billion in the previous session. 

On the sectoral front, Bank (20.2%) issues exerted the highest turnover, followed by Pharma (16.0%) and Textile (11.5%) sectors. 

Sectors demonstrated mixed results, out of which Paper (2.7%), Travel (1.5%) and Life Insurance (1.1%) exhibited the most positive returns while Mutual Fund (-1.3%), Financial Institutions (-0.7%) and Services (-0.6%) showed the most negative returns on the bourse today .

Out of the 397 issues traded, 156 advanced, 188 declined and 53 remained unchanged.

The port city bourse also experienced a positive session today. The Selective Categories' Index (CSCX) and All Share Price Index (CASPI) advanced by 16.4 and 17.6 points, respectively.
 

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