Dhaka stocks rebound as NBFIs and fuel shares lead gains

Business Desk :

Dhaka’s stock market rebounded on Monday, reversing the previous session’s losses as gains in non-bank financial institutions (NBFIs), fuel and power, and engineering shares boosted investor sentiment.

The DSEX, the benchmark index of the Dhaka Stock Exchange, climbed 67.25 points or 1.33 percent, closing at 5,111.59, according to DSE data.

Other indices mirrored the positive trend, with the DS30, representing blue-chip stocks, edging higher, while the Shariah-based DSES posted a slight decline.

Analysts at BRAC EPL Stock Brokerage Ltd said the day’s rally was broad-based, with all large-cap sectors ending in the green, reflecting renewed buying interest in fundamentally strong stocks.

Total turnover stood at Tk 394 crore, slightly lower than Tk 442 crore in the previous session, indicating cautious participation despite market gains.

Block trades, involving large volumes of shares, contributed 2.8 percent of total turnover. Market breadth was mostly positive, with 300 advancing stocks, 53 declining, and 45 unchanged.

Among sectors, NBFIs led the gains, rising 2.85 percent, followed by fuel and power (1.80per cent), engineering (1.48per cent), and banks (1.21per cent). Pharmaceuticals rose 1.08per cent, food and allied shares gained 0.83per cent, and telecom shares added 0.56per cent.

On the individual stock front, First Finance topped the gainers’ list with a 10 percent jump, while FAS Finance & Investment dropped 8 percent, making it the worst performer.

Dominage Steel Building Systems emerged as the most traded stock, recording a turnover of Tk 24.3 crore.

Market observers said the rally was supported by optimism over strong corporate earnings and potential policy support, though investors remain cautious due to global economic uncertainties.

The session highlighted growing interest in large-cap, fundamentally strong stocks, suggesting that the market could maintain positive momentum if economic conditions remain stable.