Stocks rebound as economy resumes

Stocks at Dhaka and Chittagong Stock Exchanges rose slightly on Wednesday amid massive sell pressures from the investors as most of them booked profit in most of the sectors.

However, daily turnover, a key indicator of the market, witnessed huge decrease as many investors observed the market tendency before a new trading.

A total of Tk 2212.90 crore traded in the DSE during the four and a half hours long trading period.

DSEX, the benchmark index of the Dhaka Stock Exchange, advanced 5 points or 0.08 per cent to stand at 6623 points.

The Shariah based index DSES and blue-chip index DS30 also rose to 1,444 points or 0.11 per cent and 2,397 points or 0.57 per cent respectively on the bourse.

BEXIMCO Limited, IFIC Bank, Malek Spinning, LHBL, Islamic Finance and Orion Pharma topped the turnover chart in the last session.

SBAC Bank, Islamic Finance, National Housing, Finance and Investment Limited, Miracle Industries, Coppertech and Malek Spinning placed in the gainers’ list while Nurani, ICBAMCL2ND, Apex Foods, Beacon Pharma, Far East Finance and Islamic Insurance were in the loser list in DSE.

Out of the total 376 issues traded, 111 advanced, 236 declined, and 29 remained unchanged at the Dhaka bourse.

Meanwhile, shares of 48 companies worth Tk 32.33 crore were traded in the block market of Dhaka Stock Exchange in the last session.

A total of 6,663,116 shares were exchanged during 65 trades during the trading hours.

Among the companies, East Land Insurance had the highest turnover of Tk 5.96 crore, while Beximco Pharma came second with Tk 4.07 crore, followed by Bangladesh Submarine Cable Company Limited with Tk 3.16 crore.

On the other hand, the port city bourse, Chittagong Stock Exchange (CSE), closed in the green terrain.