Dhaka:Stocks rebounded today, ending a three-session losing streak as investors engaged in bargain hunting for recently battered stocks. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose by 46.7 points, closing at 5,433 points compared to 5,387 points in the previous session.
According to Bangladesh Sangbad Sangstha, market indices remained largely range-bound until mid-session. However, selective buying gained momentum, pushing the benchmark index into positive territory. Despite the rebound, there remains lingering uncertainty over the market's direction, which continues to affect investor confidence.
Turnover on the DSE increased by 9.3 percent, reaching Taka 440 crore from Taka 400 crore in the prior session. Textiles accounted for the highest turnover share at 18.8 percent, followed by banking at 16.7 percent and pharmaceuticals at 10.7 percent. Among the sectors, general insurance posted the highest gain of 2.1 percent, while paper and information technology each advanced by 1.7 percent. Conversely, the jute sector saw a decline of 1.8 percent, and tannery edged down by 0.1 percent.
Of the 395 issues traded, 262 advanced, 69 declined, and 64 remained unchanged. The Chittagong Stock Exchange (CSE) also witnessed gains, with its selected index CSCX increasing by 12.2 points and the All Share Price Index CASPI rising by 40.3 points.