Stocks rebound on both bourses

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

DSEX, the prime index of Dhaka Stock Exchange (DSE), went up by 13.32 points or 0.18 per cent to settle at 7,032.

Two other indices, however, closed in the red. The DSE 30 Index, comprising blue chips, shed 0.93 points to finish at 2,613 and the Shariah Index (DSES) lost 0.39 points to close at 1,504.

Turnover, a crucial indicator of the market, stood at Tk 11.17 billion, which was 8.0 per cent lower than the previous day’s tally of Tk 12.14 billion.

Gainers took a modest lead over the losers, as out of 379 issues traded, 164 advanced, 162 declined and 53 remained unchanged on the DSE floor.

Beximco, which gained 1.0 per cent, was the most traded stock with shares worth Tk 868 million changing hands, followed by Bangladesh Shipping Corporation, Fortune Shoes, Square Textile and BATBC.

Newly listed BD Thai Food & Beverage was the day’s top gainer, posting a 10 per cent while the Prime Islami Life Insurance was the worst loser, losing 5.47 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –gaining 83 points to settle at 20,635 and the Selective Categories Index – CSCX—advancing 50 points to close at 12,396.

Of the issues traded, 146 advanced, 118 declined and 31 remained unchanged on the CSE.

The port-city bourse traded 8.82 million shares and mutual fund units with a turnover value of Tk 259 million.

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