Stocks rebound on DSE, CSE after sharp fall; majority issues still decline

Stocks rebounded on Monday at both the Dhaka and Chittagong bourses following a steep fall in the previous session, although most listed companies still saw price declines.

At the Dhaka Stock Exchange (DSE), the benchmark DSEX index rose by 10 points, while the blue-chip DS30 index gained 9 points. The Shariah-based DSES index, however, remained unchanged.

Despite the index rise, market breadth stayed negative, with 172 issues declining against 149 gainers, while 68 remained unchanged.

Turnover at the DSE dropped to Tk 4.7 billion, down from Tk 5.11 billion in the previous session.

In the block market, shares worth Tk 380 million from 32 companies were traded, with GQ Ball Pen Industries Ltd leading the turnover chart with Tk 70 million.

Bangladesh Autocars Ltd topped the gainers’ list with nearly 9 per cent price appreciation, while Prime Finance and Investment Ltd was the worst loser, shedding around 9.5 per cent.

The Chittagong Stock Exchange (CSE) also ended higher, with its benchmark CASPI index gaining 8 points.

However, most issues declined there as well, with 86 losers against 63 gainers and 24 unchanged.

Turnover at the CSE fell to Tk 310 million from Tk 430 million in the previous session.

Active Fine Chemicals Ltd emerged as the top gainer on the CSE with around 10 per cent increase, while Progati Insurance PLC was the worst loser, losing nearly 10 per cent.