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Stocks edge up on chief adviser's market plan

Published : Monday, 12 May, 2025 at 3:10 PM  Count : 142
Photo. TFP

Photo. TFP

Indices of the Dhaka Stock Exchange (DSE) rose today, buoyed by the Chief Adviser's five-point directives to authorities to strengthen the country's capital market.

Chief Adviser Muhammad Yunus gave the directives yesterday at a meeting on the development and strengthening of the capital market.

The measures include the offloading of government stakes in state-run and multinational companies to increase the availability of quality scrips in the market.

The DSEX, the benchmark index of the DSE, rose 8.05 points, or 0.16 percent, to reach 4,910.32 as of 11:06 am.

This is the second consecutive session of gains.

The DSES Index, which represents Shariah-compliant stocks, gained 0.13 percent to 1,075.75. Meanwhile, the DS30, comprising blue-chip stocks, fell 0.36 percent to 1,813.75.

Turnover, a key indicator of market activity, stood at Tk 128.55 crore.

Of the 395 issues traded, 194 advanced, 121 declined, and 65 remained unchanged.

IFIC Bank 1st Mutual Fund was the day's top gainer, rising 9 percent, while Unilever Consumer Care Ltd lost 4 percent to become the biggest loser.

FP/MI


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