Dhaka stocks rise as regulators discuss market stability

The benchmark index of the country’s main bourse has risen nearly 50 points, with turnover crossing Tk 4 billion on the same day regulators met to discuss measures to stabilise the volatile capital market.

The DSEX, the key index of the Dhaka Stock Exchange (DSE), gained 49.98 points to close at 4,767 on Wednesday, up from 4,717 the previous day.

Turnover surged to Tk 4.13 billion, marking a significant uptick amid recent fluctuations. The last time the market posted turnover in excess of Tk 4 billion was on Jun 16 after an intermittent downturn that lasted for 40 days.

Trading in the morning began on a positive note, saw a brief correction after the first 45 minutes, but regained strength within the next hour and remained bullish throughout the rest of the session.

Market data showed that out of 400 companies traded on the DSE, share prices rose for 295, declined for 46, and remained unchanged for 77.

The food and allied sector led the market in terms of closing prices, accounting for Tk 655 million or 16.71 percent of total turnover. Pharmaceuticals and chemicals followed with 16.63 percent, while the banking sector contributed 11.48 percent.

Among the top gainers were Indo-Bangla Pharmaceuticals, ADN Telecom, and Silva Pharmaceuticals, while Vanguard AML Rupali Bank Balanced Fund, First Bangladesh Fixed Income Fund, and Fareast Finance and Investment languished among the losers.