Dhaka: After witnessing a downward trend in the last session, stocks today rebounded in the Dhaka and Chittagong stock exchanges riding on the government steps to help revamp the ailing market. DSEX, the broad index of the Dhaka Stock Exchange, recovered 16.5 points to settle at 5,191 points, as against 5,174 points in the previous trading session.
According to Bangladesh Sangbad Sangstha, investors’ cautious selling pressure extended until the mid-session, while buyers grabbed the momentum in the latter half of the session that pulled up the market indices to the green territory. However, lackluster trading activity continued with market turnover marginally increasing by 0.4% to Taka 3.38 billion as against Taka 3.37 billion in the previous session.
On the sectoral front, Food issues exerted the highest turnover at 16.3%, followed by Textile at 16.1% and Pharma at 15.0%. Sectors displayed mixed returns, with Paper (3.5%), Travel (1.4%), and Life Insurance (0.7%) exhibiting the most positive returns on the bourse today, while Fuel and Power (-0.6%), Miscellaneous (-0.5%), and Financial Institutions (-0.3%) exerted the most corrections.
Out of the 397 issues traded, 174 advanced, 136 declined, and 87 remained unchanged. The port city bourse, CSE, also witnessed a positive session today. The Selective Categories Index (CSCX) and All Share Price Index (CASPI) slightly advanced by 7.2 points and 7.4 points, respectively.