Dhaka Stocks Bounce Back on NBFI and Fuel Gains

Dhaka stocks closed higher today, snapping a previous session's loss, driven primarily by strong gains in the non-bank financial institutions (NBFIs) and fuel and power sectors, despite lingering weak investor sentiment.

Market Performance Highlights is the benchmark DSEX index gained 67.25 points (1.33%) to close at 5,111.59. NBFIs recorded the highest sectional gain, surging 2.85%, followed by Fuel & Power (1.80%) and Engineering (1.48%). Banks also posted a solid gain of 1.21%. All large-cap sectors reportedly performed positively.

The market breadth was overwhelmingly positive, with 300 issues advancing against only 53 declining. Total turnover, a key measure of activity, fell to Tk 394 crore from Tk 442 crore in the last session, reflecting lower investor participation despite the index gain.

Dominage Steel Building Systems was the most traded stock with a turnover of Tk 24.3 crore. First Finance topped the gainers' list with a 10% surge, while FAS Finance & Investment was the worst performer, slumping 8%.