Business Desk :
The Dhaka stock market has rebounded after seven consecutive days of drops, adding nearly 36 points to its value after a period of correction.
The benchmark index of the country’s main stock market, the Dhaka Stock Exchange, closed the day at 5,350 points.
On Thursday morning, the last day of the week, DSE trading opened with the previous day’s index at 5,314 points.
As the index rose, it reached 5,375 points in just over an hour, adding 61 points to the index. This was the highest point throughout the day.
In the afternoon, increased selling pressure led to a correction in the price index. It lost some of its gains, ultimately closing at 5,350 points.
The index added 35.91 points in a single day.
Previously, the DSE market capitalisation had been decreasing due to seven consecutive days of index falls.
The price index lost 221.81 points during the period, and the market capitalisation lost Tk 6.94 billion. From that point, it regained Tk 1.25 billion in market capitalisation on Thursday, after losing Tk 243.85 million the previous day. At the end of the day, the market capitalisation stood at Tk 711.68 billion.
With share prices increasing for most companies, DSE’s turnover was Tk 7.03 billion, compared with Tk 7.04 billion on the previous day. The block market traded Tk 148.6 million on Thursday.
Out of 399 companies traded, the share prices of 168 increased, 154 saw a correction from the previous day, and 77 remained unchanged.
