DSE stocks rebound

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Business Report :

After witnessing a downward trend in the last several sessions, indices of the Dhaka Stock Exchange (DSE) on Monday rebounded as investors remained active on sector-wise issues.

After witnessing volatility, DSEX, the prime index of the DSE, went up by 12.38 points or 0.24 per cent to settle at 5,173.11. The blue-chip index DS30, which comprises 30 prominent companies, saw an increase of 7.54 points, closing at 1,903.79. Meanwhile, the DSES Index, representing Shariah-based companies, rose by 1.42 points to settle at 1,157.

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Turnover, a crucial market indicator, stood at Tk 3.45 billion, down 4.9 per cent from the previous trading day.
The majority of stocks experienced price decreases; out of the 397 issues traded, 150 closed higher, 184 ended lower, and 63 remained unchanged on the DSE trading floor.

Lovello Ice Cream PLC was the most-traded stock, with shares worth Tk 341.57 million changing hands, followed by Agni Systems, Far East Knitting & Dyeing Industries, BRAC Bank, and Midland Bank.

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