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Stocks rebound as DSEX gains 71 points, turnover rises 24pc

The Dhaka Stock Exchange (DSE) witnessed a strong rebound on Thursday as bargain hunters returned to the market to buy shares at attractive prices following the sharp selloff in recent sessions.

The benchmark DSEX index gained 71.4 points, or 1.34 percent, to settle at 5,413 points, up from 5,342 points in the previous trading session, according to BSS report.

The market opened on a positive note, extending the recovery momentum from the previous session, as sustained buying interest kept the benchmark index in positive territory throughout the trading day.

Meanwhile, market turnover increased by 23.6 percent to Tk 650 crore from Tk 520 crore in the previous session, indicating increased trading activity. However, investors remained cautious amid ongoing unrest and lingering uncertainties in the market.

Sector-wise, Textile accounted for the highest share of turnover at 21.6 percent, followed by General Insurance at 13 percent and Fuel and Power at 10.6 percent.