Islami Bank, Beximco Pharma propel DSEX higher, while blue-chip index dips

Orderly-cap stocks, including Islami Bank and Beximco Pharma, enjoy propelled the Dhaka Stock Alternate’s benchmark index, DSEX.

Conversely, the blue-chip index, DS30, skilled a decline due to the selling stress from investors, reflecting subdued market sentiment.

On Sunday, the DSEX rose by 18 functions to conclude at 5,658, whereas the DS30 dipped by 2 functions to 2,062. All during the trading session, 153 disorders progressed, 205 declined, and 39 remained unchanged. The market turnover fell by 9% to Tk481 crore, marking the bottom diploma in over a month.

Islami Bank change into instrumental in driving the DSEX upward, with its portion price rising by 5.3% and contributing 16.4 functions to the index. It change into adopted by foremost beneficial properties from Khan Brothers PP Woven Rep, Beximco Pharma, National Bank, and MJL Bangladesh.

In its on daily foundation market review, EBL Securities reported that the DSEX settled in sure territory, primarily pushed by price appreciation in choose trim-cap stocks. However, market sentiment remains cautious as investors peep the waning momentum.

EBL Securities, in its on daily foundation market review, mentioned the benchmark index of the Dhaka bourse managed to resolve in green territory primarily pushed by price appreciation in say trim-cap disorders, even though market sentiment remains subdued as cautious investors are watchful of the market’s waning momentum.

Sector-shiny, monetary institution stocks accounted for the supreme turnover at 34%, adopted by prescription tablets at 11.9% and telecom at 8%. Grameenphone change into the live traded firm by cost, with Tk32.seventy nine crore, adopted by Islami Bank at Tk28.87 crore, BRAC Bank at Tk26.Forty eight crore, and MJL Bangladesh at Tk25 crore.

Blended returns had been noticed all the map through sectors, with services and products, IT, and unprecedented insurance exhibiting the most sure performance, whereas jute, paper, and tannery sectors faced corrections.

Khan Brothers PP Woven Rep topped the gainers’ checklist with a 9.62% portion price enhance, adopted by First Security Islami Bank, Paramount Textile, Deshbandhu Polymer, and Shinepukur Ceramics.

Within the intervening time, Kattali Textile led the losers’ checklist with a 16.54% drop after declaring handiest a 0.25% cash dividend for FY24, adopted by Bd Thai Aluminium, Central Pharma, and VFS Thread.