Business

Stocks bounce back after two-day slump


By BSS
Published : 26 Oct 2021 08:24 PM | Updated : 27 Oct 2021 09:24 AM

Country's both the bourses, Dhaka Stock  Exchange (DSE) and Chittagong Stock Exchange (CSE) on Tuesday bounced back after  two days break as institutional investors came up with buying lucrative  shares.

At the end of the session, DSEX, the benchmark index of the DSE,  recovered from the previous day's big losses as the index soared 120.48  points or 1.75 per cent to settle at 7,005.78. The DS30 index, comprising  blue chips, rose 17.10 points to finish at 2,661.65 and the DSES (Shariah)  index advanced 16.86 points to close at 1,482.46.

Turnover, another important indicator of the market, however, dropped to  Tk 13.86 billion on the prime bourse, which was 5.71 per cent lower than the  previous day's tally of Tk 14.70 billion.

Read more: FBCCI for strengthening  UN-Bangladesh ties

The prices of more than 90 per cent traded issues closed higher, as out  of 376 issues traded, 340 closed higher, 22 ended lower and 14 issues  remained unchanged on the DSE trading floor.

Beximco returned to the day's top turnover list with shares worth Tk 867  million changing hands, closely followed by Delta Life Insurance (Tk 784  million), NRB Commercial Bank (Tk 757 million), Orion Pharma (Tk 705 million) and Fortune Shoes (Tk 561 million).

KDS Accessories was the day's best performer, posting a gain of 10.18 per cent while Grameenphone was the day's worst loser, shedding 1.65 per cent.

The port city bourse CSE also rebounded strongly with the CSE All Share Price Index - CASPI - soaring 274.32 points to settle at 20,444.08 points and Selective Categories Index - CSCX - advancing 159.55 points to finish at 12,283.18 points.

Here too, the gainers beat the losers as 245 issues closed higher, 33 ended lower and 22 remained unchanged.

The port city bourse traded 13.75 million shares and mutual fund units worth nearly Tk 418 million in turnover.