Stocks bounce back after two days of decline
DSEX rose by 0.56% or 29.43 points and the benchmark index CASPI at the Chittagong Stock Exchange (CSE) rose 67 points to 15,050 till 11:00 am
After two days of reported downfall equity indices of the stock exchanges witnessed positive trends in the first hour of the trading session on Monday.
According to a brokerage firm official, "Investors are buying shares at a low price as the stocks prices came down following the market dipping."
DSEX, the key index of the Dhaka Stock Exchange (DSE) rose by 0.56% or 29.43 points to 5,194 till 11:00 am.
However, DSE turnover, a major indicator of the market, fell by 35% to Tk169.24 crore during the corresponding session.
Out of the 313 issues traded during the same time frame, DSE had 175 gainers against 81 losers, while prices of 57 scrips remained unchanged.
Beximco Limited was the highest gainer and secured the top position in the turnover chart at DSE, followed by Purabi General Insurance and Beximco Pharma, until the report was filed.
Meanwhile, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) rose 67 points to 15,050.