Stocks rise after topsy-turvy trade 

Dhaka stocks rose after a volatility on Tuesday with the decline in the participation.

The trading moved between negative and positive several times but the last-minute buying helped the market close higher.

The benchmark DSEX index gained 39 points or 0.61 per cent to settle at 6,470, rebounding from losses seen in the last two day.

Two other junior indexes also closed lower. The blue-chip index DS30 rose 20 points or 0.90 per cent to 2,306 while the DSES index, which represents Shariah-based companies, was up 14 points or 1 per cent to 1,418.

The DSE turnover stood at Tk 1,315 crore, sharply down 6.1 per cent from the previous day's of Tk 1,400 crore.

The equity indices of the Dhaka bourse returned to green territory as investors' buying rush in selective issues helped the market to recover after the recent corrections put many stocks at a lucrative level, said the EBL Securities in its post-market commentary.

The upwards momentum of the equity indices was mainly motivated by investors' bolstered confidence, while the BSEC's supporting measures to stabilize the stock market on the backdrop of global economic turmoil served as a major driving force behind the bullish sentiment on the trading floor, it said.

On the sectoral front, Pharma (17.8 per cent) issues exerted the highest turnover, followed by Miscellaneous (14.6 per cent) and Engineering (11.2 per cent) stocks.

Almost all the sectors displayed mixed returns, out of which Travel (4.4 per cent), Paper (4.2 per cent), and Jute (3.5 per cent) exhibited the highest returns on the bourse today, while Financial Institutions (-1.0%), Life Insurance (-0.6 per cent) and Textile (-0.3 per cent) exerted the most corrections.

Out of the 386 issues traded, 127 advanced, 146 declined, and 113 remained unchanged.

The port city bourse, CSE, also settled on green terrain. The selected indices (CSCX) and All Share Price Index (CASPI) advanced by 51.1 and 84.7 points respectively.