Stocks rebound after panic sell-off triggered by Iran strikes
Turnover stood at Tk149 crore during the session, reflecting robust investor participation.
Stocks staged a strong recovery this morning (2 March), rebounding from the previous session's panic-driven sell-off sparked by escalating tensions involving Iran, the US and Israel.
By 10:40am, the benchmark DSEX index of the Dhaka Stock Exchange (DSE) had surged 65 points to 5,527, signalling renewed investor confidence.
The blue-chip DS30 index also advanced sharply, gaining 19 points to 2,136.
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Market breadth was overwhelmingly positive, with 345 issues advancing against just 14 decliners, while 21 stocks remained unchanged.
Turnover stood at Tk149 crore during the session, reflecting robust investor participation as bargain hunters returned to the market following the earlier dip.
The rebound suggests investors are regaining confidence after the initial shock from geopolitical developments, with many viewing the previous sell-off as an opportunity to accumulate fundamentally strong stocks at lower valuations.
Market participants are expected to closely monitor international developments, as geopolitical tensions remain a key driver of investor sentiment.
