Business Desk :
After witnessing a downward trend in the last session, 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, recovered 16.5 points to settle at 5,191 points, as against 5,174 points in the previous trading session, reports BSS.
Investors’ cautious selling pressure extended until the mid-session, while buyers grabbed the momentum in the latter half of the session that pulled up the market indices to the green territory.
However, lackluster trading activity continued with market turnover marginally increasing by 0.4% to Taka 3.38 billion as against Taka 3.37 billion in the previous session.
On the sectoral front, Food (16.3%) issues exerted the highest tumover, followed by Textile (16.1%) and Pharma (15.0%) sectors.
Sectors displayed mixed returns, out of which Paper (3.5%), Travel (1.4%) and Life Insurance (0.7%) exhibited the most positive returns on the bourse on Monday, while Fuel & Power (-0.6%), Miscellaneous (-0.5%) and Financial Institutions (-0.3%) exerted the most corrections.
Out of the 397 issues traded, 174 advanced, 136 declined and 87 remained unchanged.
The port city bourse, CSE, also witnessed a positive session on Monday. The Selective Categories Index (CSCX) and All Share Price Index (CASPI) slightly advanced by 7.2 points and 7.4 points, respectively.
