Stocks edge higher

 
Stocks edged slightly higher in the final trading session of the week, supported by positive investor sentiment of the national budget announcement. 

Investors engaged in selective accumulation of attractively valued stocks, driven by expectations of favourable policy measures, according to BSS report. 

The DSEX, the broad index of the Dhaka Stock Exchange (DSE), rose by 3.6 points to settle at 5,520, compared to 5,517 in the previous session.

The market remained volatile throughout the day as investors actively traded on both sides, while profit-taking in several large-cap stocks kept pressure on the index for most of the session. However, renewed buying interest in the final hour helped the market close in positive territory.

Meanwhile, the port city bourse, Chittagong Stock Exchange (CSE), closed in negative territory. The Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) fell by 45.6 points and 48.5 points respectively.