Stocks rebound on both bourses

Business Desk :

After witnessing a downward trend in the four sessions, stocks on Monday rebounded in the Dhaka and Chittagong stock exchanges riding on the government steps to help revamp the ailing market.
DSEX, the broad index of the Dhaka Stock Exchange, advanced by 13.5 points to settle at 5,197 points, as against 5,183 points in the previous trading session.
Although market indices witnessed a brief spike by the start of today’s session, market momentum soon moderated as investors maintained a cautious stance amid ongoing uncertainty over the market outlook, reports BSS.
However, buying interest on particular large-cap scrips contributed significantly to help the broad index to settle in green territory.
Meanwhile, market turnover increased by 19.7 per cent to Taka 5.0 billion as against Taka 4.2 billion in the previous session.
On the sectoral front, Pharma (29.8 per cent) issues exerted the highest turnover, followed by Engineering (9.2 per cent) and Food (7.9 per cent) sectors.