Written by The Banking Post
Stocks opened slightly higher on Monday, but trading remained cautious as investors weighed weak corporate earnings and ongoing geopolitical tensions.
After four consecutive sessions of decline, the market saw modest bargain hunting in beaten-down stocks. However, disappointing financial results from several companies kept overall sentiment subdued, while investors continued to monitor developments in the Middle East.
The benchmark index of the Dhaka Stock Exchange (DSE) rose just over 6 points, or 0.12 per cent, to 5,227 by 11:00am.
The blue-chip DS30 index inched up by 1 point to 1,991, while the Shariah-based DSES index slipped by 2 points to 1,058.
Turnover remained low at Tk 2.6 billion, reflecting limited investor participation.
Market breadth was mixed, with 192 stocks advancing, 119 declining, and 78 remaining unchanged.
Monno Ceramic led the turnover chart, followed by Dominage Steel, Apex Tannery and BD Thai Aluminum.
The Chittagong Stock Exchange also recorded marginal gains, with the CASPI index rising 24 points to 14,670 and the CSCX index adding more than 11 points to 9,023.
Analysts say the market may continue to move cautiously in the near term, as investors await clearer signals from earnings and global developments.
