Stocks Rebound on Both Bourses

After witnessing a downward trend in the last session, stocks today rebounded in the Dhaka and Chittagong stock exchanges as investors remained active on sector-wise issues.

However, daily trade turnover plunged to Taka 13284.951 million on the country’s premier bourse which was Taka 17,401.809 million.

After witnessing volatility, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 33.92 points or 0.57 per cent to settle at 6,026.65. Two other indices also ended higher with the DSE 30 Index, comprising blue chips, rose 8 points to finish at 2,176.64 and the DSE Shariah Index (DSES) advanced 738 points to close at 1,294.81.

Gainers took a strong lead over the losers, as out of 372 issues traded, 231 advanced, 108 declined and 33 issues remained unchanged on the DSE trading floor.

Delta Life dominated the turnover chart followed by Beximco, Queen South, Malek Spinning Mills and Dutch Bangla Bank.

Sonali Paper was the day’s top gainer, rising 9.98 per cent, while Safko Spinning was the worst loser, shedding 8.89 per cent.

The Chittagong Stock Exchange (CSE) also rebounded with the CSE All Share Price Index – CASPI –gaining 79.90 points to settle at 17,439.76 and the Selective Categories Index – CSCX rising 43.85 points to close at 10,484.88.

Of the issues traded, 108 declined, 169 advanced and 34 issues remained unchanged on the CSE.

The port city’s bourse traded 1.85 crore shares and mutual fund units with a turnover value of Taka 38.55 crore.

Source: BSS