Stocks rebound on both bourses

DHAKA, After witnessing a downward trend in the last three consecutive sessions, stocks today rebounded in the Dhaka and Chittagong stock exchanges as investors remained active on sectorwise issues despite lower transactions.

The broader DSEX of DSE closed the day with 111.31 points up at 5,077.75. The bluechip DS30 and the Shariah DSES also followed the same trend with 38.47 points up at 1,814.62 and with 25.57 points up at 1,164.72 respectively.

At the DSE, out of the day's 351 securities, prices of 327 securities closed higher against 15 losing issues while 9 remained unchanged.

The volume of shares fell to 12.77 crore from Monday's 16.60 crore shares and the daily turnover in value at DSE decreased to Taka 317.07 crore from Monday's Taka 464.19 crore.

The top five gainers were Aziz Pipes, Legacy Foot, SEMLFBSLGF, SEMLIBBLSF and OAL. The top five losers were PROGRESLIF, Meghna Pet, Fareast Finance, Beach Hatchery and Zeal Bangla.

Fortune topped the turnover list followed by Sino Bangla, Square Pharmaceuticals, Doreen Power and UPGDCL.

In the port city, CSE also closed higher with its major CASPI 298.23 points up at 15,513.51. A total of 284 issues were traded at the CSE. Of those, 233 closed higher and 38 closed lower while 13 remained unchanged.

A total of 58.03 lakh shares and mutual fund issues changed hands for Taka 12.37 crore.

Source: Bangladesh Sangbad Sangstha (BSS)