Bangladesh's capital market shows sign of rebounding

DSE, CSE Logos

After a prolonged downward trend, Bangladesh’s capital market has begun to recover, buoyed by three consecutive days of gains at both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE).

At the DSE, the key index DSEX advanced by 71 points at the end of Tuesday’s trading session.

The Shariah index (DSES) rose by 17 points, while the blue-chip index (DS30) gained 19 points.

Most shares saw an uptick in prices, with 320 companies advancing, while 38 declined and 19 remained unchanged.

The turnover also strengthened, climbing to Tk 475 crore, up from Tk 348 crore in the previous session.

In the block market, shares worth Tk 31 crore were traded across 34 companies, with Prime Bank topping the chart by executing trades worth Tk 13 crore.

ML Dyeing Limited led the top gainers' list, surging by 10%, while Progressive Life Insurance Company Limited ended as the biggest loser, dropping more than 6%.

A similar upward trend continued at the CSE, where the CASPI index gained 157 points.

Here too, most issues advanced: 140 companies registered price increases, 16 declined, and 14 remained unchanged.

Stocks open higher at DSE, CSE

The turnover, however, slightly decreased at the CSE, totaling Tk 11 crore, compared to Tk 14 crore in the previous session.

At the CSE, Investment Corporation of Bangladesh (ICB) topped the gainers with a 10% rise, while Prime Insurance Company Limited was the worst performer, losing nearly 10%. - UNB