Stocks snap three-day slump, turnover rises 11%

Dhaka stocks closed higher today, snapping a three-day losing streak as gains in engineering and pharmaceuticals lifted the indices alongside stronger turnover.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 8.26 points, or 0.16 percent, to close at 5,092.39, according to DSE data.

Other indices also followed the positive trend of the main index, as the Shariah-based DSES and the blue-chip DS30 edged higher.

"The market closed in the green, with large-cap sectors posting a mixed performance," BRAC EPL Stock Brokerage Ltd said in its daily market update.

Turnover, a key indicator of investor activity, rose 11 percent to Tk 503 crore, reflecting improved investor sentiment amid the market recovery.

Among the major sectors, engineering registered the highest gain at 0.83 percent, followed by pharmaceuticals, fuel and power, and food and allied.

Bank shares fell 0.24 percent, followed by those in telecommunications and non-bank financial institutions.

Block trades—high-volume transactions involving large numbers of securities—accounted for 4.8 percent of the overall market turnover.

Market breadth was mixed, with 175 scrips advancing, 153 declining, and 66 remaining unchanged.

Orion Infusion emerged as the most traded stock, posting a turnover of Tk 19.2 crore, according to BRAC EPL.

First Finance surged 10 percent to top the gainers' list, while Stylecraft dropped 13.82 percent, becoming the worst performer of the session.