Business Report :
Stocks logged some recovery as bargain hunters chose to take positions in the beaten-down scrips following consecutive sessions of corrections on Wednesday.
DSEX, the broad index of the Dhaka Stock Exchange (DSE), recovered 54.8 points and settled at 5,198 points as against 5,143 points in the previous trading session.
The blue-chip index DS30, a group of 30 prominent companies, saw a 23.13 points increase to 1917.43 while the DSES Index, which represents Shariah-based companies, saw a 18.06 points increase to 1,166.57 till the end.
Market analysts observed that the indices remained upbeat for the majority of on Wednesday’s session, while the market recovery was aided by price appreciation in the majority of stocks.
Meanwhile, market turnover also increased by 25.4 percent to Taka 4.5 billion as against Taka 3.6 billion in the previous session.
On the sectoral front, Bank (16.6 percent) issues exerted the highest turnover, followed by Pharma (13.1 percent) and Textile (9.3 percent) sectors.
