Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Stocks ended higher on Thursday as bargain hunters continued to buy beaten-down issues.
The prime index of the Dhaka Stock Exchange (DSE), DSEX, increased 53.45 points to settle at 5,333.93.
The capital bourse showed recovery signs with back-to-back positive sessions as bargain hunters continued to take positions in beaten-down issues following a substantial correction in the market, according to EBL Securities.
The blue-chip index DS30, a group of 30 prominent companies, saw a 14.67-point increase to 1900.85, while the DSES Index, which represents Shariah-based companies, saw an 11.41-point increase to 1,165.38.
The indices remained flat for most of this day’s session as investors engaged actively on both sides of the trading fence. However, a late-session buying spree added strength to the market, leading to price appreciation for most of the scrips, EBL Securities added.
Turnover, a crucial indicator of the market, stood at Tk 5.53 billion, up 17.5 per cent from the previous trading day.
The majority of the stocks saw a price increase, as out of the 398 issues traded, 278 closed higher, 60 ended lower, and 60 remained unchanged on the DSE trading floor.
Techno Drugs Ltd was the most-traded stock, with shares worth Tk 523.83 million changing hands, followed by Agni Systems Ltd, Sea Pearl Beach Resort & Spa Limited, Heidelberg Materials Bangladesh PLC, and Alif Industries Limited.
Chittagong Stock Exchange (CSE) also ended higher, with its All Share Price Index (CASPI) gaining 26.10 points to settle at 15119 and the Selective Categories Index (CSCX) gaining 20 points to settle at 9113.
The port city bourse traded 56 million shares and mutual fund units with a turnover volume of Tk 3381 million.