The dhaka stock exchange (dse): rebounded today as bargain hunters stepped in to buy beaten-down stocks at attractive prices, helping the benchmark index recover from an intra-day fall of nearly 70 points and close in positive territory.
According to Bangladesh Sangbad Sangstha, the DSEX, the broad index of the DSE, gained 9.0 points to settle at 5,567 points, compared with 5,558 points in the previous trading session. The market witnessed volatile trading throughout the session, with intensified selling pressure in the middle of the session pushing the DSEX below the 5,500-point mark. However, late-session buying reversed the losses and helped the index stage a strong turnaround.
Market turnover increased by 4.8 percent to Taka 5.7 billion from Taka 5.5 billion in the previous session. Textile stocks accounted for the highest share of turnover at 29.8 percent, followed by general insurance at 12.8 percent and pharmaceuticals at 12.0 percent. Among sectors, textile gained 2.7 percent, travel 1.9 percent and financial institutions 0.9 percent. Cement, paper, and telecommunications declined 1.1 percent, 0.5 percent, and 0.4 percent respectively. Of the 395 issues traded, 168 advanced, 145 declined, and 82 remained unchanged.
The Chittagong Stock Exchange (CSE), however, closed lower, with the CSCX falling 45.5 points and the CASPI declining 82.1 points.