Stocks rebound on both bourses

After remaining flat in the previous session, stocks on Tuesday rebounded in the Dhaka and Chittagong stock exchanges as investors remained active on sector-wise issues.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 33.68 points or 0.69 per cent to settle at 4,905 points, over the previous working day.

Two other indices of the DSE also ended higher. The DS30 index, comprising blue chips, also gained 7.22 points to finish at 1,704 and the DSE Shariah Index rose 3.98 points to close at 1,126.

Turnover, a crucial indicator of the market, stood at 7.91 billion taka, which was 7.90 billion taka the previous day.

Gainers took a modest lead over the losers as out of 347 issues traded, 149 closed higher, 127 ended lower and 71 issues remained unchanged on the DSE trading floor.

Beximco Pharma continued to dominate the turnover chart followed by Brac Bank, Beximco, Asia Insurance and Grameen One: Scheme Two Mutual Fund.

Miracle Industries was the day’s best performer while Renata was the worst loser.

The Chittagong Stock Exchange ended higher with its All Shares Price Index (CASPI)—gaining 115 points to close at 14,046 while the Selective Categories Index – CSCX rising 69 points to close at 8,459 points.

Of the issues traded, 108 advanced, 101 declined and 47 remained unchanged on the CSE.

The port city bourse traded 12.01 million shares and mutual fund units with a turnover value of more than 226 million taka.