Stocks open week, Dhaka stocks extend rally

Business Report:

After a four-day holiday, the main index of the Dhaka Stock Exchange (DSE) closed higher on Sunday, extending gains for a third straight session, driven by higher gains from banking shares.
According to the DSE data, The DSEX, the benchmark index of the bourse, gained 31.84 points, or 0.58 percent, to close at 5,447.63, according to DSE data.

Out of 395 issues traded on the DSE, the prices of 183 advanced, 147 declined and 65 remained unchanged.

Other indices also had positive performances as the Shariah-based DSES and the blue-chip DS30 rose.

Turnover, a key indicator of investor activity, stood at Tk 619.28 crore, down from Tk 696.8 crore in the previous session, reflecting reduced investor participation despite the market rally.
The market closed in green as all large-cap sectors posted positive performance, said BRAC EPL Stock Brokerage Ltd in its daily market update.

Block trades, high-volume transactions involving large numbers of securities, contributed 2.4 percent of the overall market turnover.

Among the major sectors, banks booked the day’s highest gain of 1.37 percent, followed by fuel and power, which advanced 0.74 percent.

Telecommunication and food, and allied each rose 0.54 percent, while engineering edged up 0.14 percent. Non-bank financial institutions added 0.04 percent, and pharmaceuticals closed marginally higher at 0.03 percent.