Stocks rebound on both bourses
Published: 08:50 PM, 12 November 2020
After witnessing a downward trend in the last two consecutive sessions, stocks today rebounded in Dhaka and Chittagong stock exchanges as investors remained active on sector-wise issues.
DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 21.33 points or 0.43 percent to settle at 4,905.04. Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 1.16 points to finish at 1,711.59 and the DSE Shariah Index gained 1.90 points to close at 1,117.44.
Turnover, a crucial indicator of the market, stood at Taka 9.88 billion, which was 1.33 percent higher than the previous day’s turnover of Taka 9.75 billion.
Gainers took a modest lead over the losers as out of 354 issues traded, 147 ended higher, 120 closed lower and 87 issues remained unchanged on the DSE trading floor.
Beximco Pharma continued to dominate the turnover chart with 7.65 million shares worth Taka 1.08 billion changing hands, followed by Beximco, Walton Hi-Tech, United Power, and Brac Bank.
Agrani Insurance was the day’s best performer, posting a gain of 10 percent while Hamid Fabrics was the worst loser, losing 9.95 percent.
The Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI) – gaining 60 points to close at 14,067 while the Selective Categories Index – CSCX rising 35 points to close at 8,470.
Of the issues traded, 111 advanced, 80 declined and 76 remained unchanged on the CSE.
The port city bourse traded 12.95 million shares and mutual fund units with a turnover value of Taka 279 million.