DSEX manages to settle in positive territory

The benchmark index of the capital bourse managed to settle in the positive territory last week as the news of the revising down of the interest rate on the Tk 30 billion sovereign-guaranteed loan to ICB slightly shifted the investors' market sentiment to positivity, which created an opportunity for bargain hunters to secure short-term gains amidst political and macroeconomic instability. 

The market continued to remain volatile throughout the week as buyers and sellers were active on both sides of the trading fence to grab the realm of the market momentum. 

DSEX, the broad index of the Dhaka Stock Exchange (DSE), inched up by 4.2 points, or 0.1 per cent, to settle at 5,197 points. 

Investors' participation in the market also increased by 16.5 per cent to Tk 4,443 million as compared to Taka 3,813 million in the previous week. 

Investors were mostly active in the Bank sector (14.0 per cent), followed by the Pharma sector (13.7 per cent) and Textile sector (11.6 per cent). 

Sectors mostly ended in mixed with the Paper sector (4.9 per cent) being the highest gainer, while the Jute sector (-2.7 per cent) being the biggest loser.

MS Safiul Alam, an investor, welcomed the government's efforts saying if the government continues the policy supports, it will increase the confidence of investors.

The Chittagong Stock Exchange (CSE) also witnessed higher with the CSE All Share Price Index - CASPI -advancing around 49 points to settle at 14,581.