Dhaka: After witnessing a downward trend in the last two sessions, stocks today rebounded in the Dhaka and Chittagong stock exchanges as investors remained active on sector-wise issues. DSEX, the broad index of the Dhaka Stock Exchange (DSE), advanced by 17.4 points to settle at 4,695 points, compared to 4,678 points in the previous trading session.
According to Bangladesh Sangbad Sangstha, market analysts observed that the market began the trading session with buying interests across the trading floor. Despite sellers attempting to assert their dominance mid-way through the session, buyers ultimately managed to withstand the selling pressure, allowing the benchmark index to close in positive territory.
Meanwhile, trading activities remained stagnant despite the total turnover in DSE inching up by 1.8% to Taka 2.8 billion. On the sectoral front, Food issues exerted the highest turnover at 19.3%, followed by the Bank sector at 14.4% and the Pharma sector at 11.3%.
Most sectors displayed positive returns, with Telecommunication, Life Insurance, and Paper sectors exerting the most gains on the bourse today, each showing increases of 1.4%, 1.4%, and 1.2%, respectively. Out of the 397 issues traded, 215 advanced, 102 declined, and 80 remained unchanged.
The port city bourse, CSE, also settled in a positive zone. The Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) advanced by 13.0 points and 12.6 points, respectively.