Stocks inch up during special Saturday trading
Until 1:30pm, the index was hovering around the intraday high
Dhaka stocks fought to stay afloat in the special trading today (17 May) after the benchmark index, DSEX, hit a nearly five-year low of 4,800 last Thursday (15 May).
DSEX on Thursday ended its fifth consecutive bearish week with a 2.47% fall to 4,781, the lowest since 25 August 2020.
Amid a fear of further fall, the major index hit 4,761 at 10:46am today. However, bargain hunters entered the scene to pull it up above 4,800 in the next half an hour.
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Until 1:30pm, the index was hovering around the intraday high.
As many as 240 stocks, bonds, and mutual funds advanced, while 83 declined.
The government, to offset the impact of the upcoming long Eid-ul-Adha vacation, made two Saturdays weekdays. The DSE today rang the opening bell on a Saturday after two decades.
However, investors are not very comfortable with the session as they have been facing continuous capital erosion for the past five weeks.
