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, reports BSS.

DSEX, the prime index of the Dhaka Stock Exchange, went up by 10.90 points or 0.16 per cent to settle at 6,584, after losing over 88 points in the past two consecutive sessions.

Two other indices also edged higher with the DSE 30 Index, comprising blue chips, gaining 8.80 points to close at 2,440 and the DSE Shariah Index (DSES) advanced 4.91 points to finish at 1,447.

Turnover, a crucial indicator of the market, stood at Tk 5.29 billion, which was 0.75 per cent lower than the previous day’s tally of Tk 5.32 billion.

Losers, however, took a modest lead over the gainers, as out of 380 issues traded, 185 declined, 130 advanced and 65 remained unchanged on the DSE trading floor.

Beximco was the most traded stock with shares worth Tk 538 million changing hands, followed by Sonali Papers & Board Mills (Tk 309 million), IPDC Finance Tk 211 million), Provati Insurance (Tk 149 million) and Square Pharma (Tk 142 million).

The newly listed JMI Hospital Requisite Manufacturing continued to top the gainer list for the tenth straight session, posting a 9.82 per cent gain while Takaful Islami Insurance was the day’s worst loser, losing 4.97 per cent following its corporate declaration.

The Chittagong Stock Exchange (CSE) also edged higher with the CSE All Share Price Index – CASPI –gaining 17 points to settle at 19,366 and the Selective Categories Index – CSCX—rising 10 points to close at 11,619.

Of the issues traded, 164 declined, 65 advanced and 42 remained unchanged on the CSE.

The port city bourse traded 6.43 million shares and mutual fund units while turnover was Tk 189 million.