Market Rally: DSEX Reclaims 5,000-Point Mark Amid Surge in Stock Prices
Market analysis shows that the DSEX, the broad index of the DSE, surged by 76 points (1.54%) to settle at 5,035. This is its highest position since November 27 of last year. Similarly, the DSES (Shariah index) rose by 13 points to 1,009, and the DS30 (blue-chip index) advanced by 26 points to 1,939.
The market breadth was overwhelmingly positive. Out of the 389 securities traded at the DSE, the prices of 290 increased, while only 42 declined, and 57 remained unchanged. This represents a gain-to-loss ratio of nearly 7:1, signaling robust investor confidence.
Trading volume also saw a significant boost, with total turnover reaching BDT 474.09 crore, a substantial increase from the previous trading session.
A similar upward trend was observed at the Chittagong Stock Exchange (CSE). The CSE's overall index, CASPI, rose by 165 points to 14,087, while the CSCX gained 104 points to reach 8,726. Of the 163 issues traded at the port city bourse, 97 advanced, 47 declined, and 19 remained unchanged.
Market analysts suggest that after a prolonged period of sluggishness, this sharp recovery has reignited hope among investors, reflecting a positive outlook for the upcoming sessions.
