Stocks witness recovery

 
Stocks witnessed a recovery trading session on Thursday, supported by renewed investor interest in selective blue-chip and fundamentally strong shares amid improving sentiment and easing external uncertainties.

The DSEX index of the Dhaka Stock Exchange (DSE) advanced by 39.8 points to close at 5,661, compared to 5,622 in the previous session. 

The market opened on a firm note and maintained upward momentum throughout the session, driven by sustained buying pressure in large-cap stocks, which played a key role in lifting overall indices, according to BSS report.

Market participants said the recovery was mainly led by focused accumulation in quality equities, as investors positioned themselves in perceived undervalued stocks following recent market adjustments.

Improved macro sentiment and easing geopolitical concerns also contributed to strengthening risk appetite in equities.

Meanwhile, the port city bourse also closed higher. The Chittagong Stock Exchange (CSE) indices-CSCX and CASPI-rose by 74.4 points and 116.6 points respectively, mirroring the positive trend in Dhaka.