The DSEX, the benchmark index of the DSE, gained a few points within the first hour of trading, reflecting increased buying interest in select stocks. The DS30, which tracks blue-chip companies, and the DSES, the Shariah-based index, also experienced slight upward movements, indicating a broad-based yet measured market upturn.
Banking, pharmaceuticals, and telecommunication stocks were among the top performers in the early session. Investors showed renewed interest in these sectors, driven by expectations of steady earnings growth and favorable macroeconomic indicators. Financial institutions also witnessed moderate gains, while the energy sector remained largely stable.
Market analysts attribute the slight uptick to increased liquidity in the market and an improving economic outlook. However, they caution that global uncertainties and local regulatory factors could impact market movements later in the day. The cautious optimism observed in early trade reflects a wait-and-see approach by investors who are monitoring inflation trends, currency fluctuations, and government policies.
The overall trading volume was moderate, with turnover remaining steady as investors selectively picked up stocks with strong fundamentals. Market experts noted that while institutional investors played a key role in early gains, retail investors remained on the sidelines, awaiting further cues before making significant moves.
Despite the early gains, analysts highlight potential challenges that could affect the market’s momentum. Global economic uncertainties, fluctuating commodity prices, and domestic policy changes are factors that may introduce volatility. Additionally, regulatory actions and fiscal measures will play a crucial role in shaping market sentiment in the coming days.
Dhaka stocks recorded a slight rise in early trade, driven by gains in banking, pharmaceutical, and telecommunication stocks. While investor sentiment remained cautiously optimistic, external factors and policy decisions will continue to influence market direction. As the trading day progresses, market participants will closely monitor developments to gauge the sustainability of the uptrend.
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