DSE, CSE bounce back

DHAKA, Both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), bounced back today and closed in green.

The premier bourse, DSE registered a sharp rise all indexes. The main index, DSEX rose by 26.92 points to stand at 5,187.29 while the shariah index, DSES up by 4.66 points at 1194.35 and the blue chips, DS30 by 9.76 points to stand at 1836.45.

In DSE, a total of 14.81 crore shares and mutual funds of 354 companies were traded, of which 173 companies handed over with higher price while 136 with lower price and 45 companies remained unchanged.

The market turnover increased and stood at Taka 5.7 billion by the end of the session which is 19 percent higher than Monday.

According to a market operator, EBL Securities, the core index experienced consistent trading throughout the session and buying pressure outweighed the selling pressure which triggered the bourse to settle in green.

Investors exerted buying pressure on sector specific stocks especially from Telecom, Fuel and Power and Banking sectors.

Most of the sectors showed price appreciation today. Sector wise performance exposed that Service (6.2%), Telecom (3.2%) and Fuel and Power (2.4%) sector experienced highest price appreciation while Mutual Fund(2.3%), Miscellaneous(1.5%) and General Insurance(1.2%) sector experienced highest price correction.

Investors' attention was mostly concentrated on Pharma (17.3%), Fuel and Power (13.2%) and Engineering (13.0%) sectors.

On the other hand, the port city bourse, CSE closed in green zone today. CSCX and CASPI increased by 50.2 and 84.9 points respectively.

Source: Bangladesh Sangbad Sangstha (BSS)