Stocks rebound on both bourses

Stocks on Thursday managed a turnaround from the short-lived correction phase, riding on late-session buying activity, as investors turned back to the market owing to positive expectations amid favourable macroeconomic developments.

DSEX, the broad index of the Dhaka Stock Exchange (DSE), recovered 50.6 points to settle at 5,524 points as against 5,473 points in the previous trading session.

Market analysts observed that although volatility persisted until mid-session, buyers emerged across the board to stabilise the market, which reinforced optimism among market participants. 

However, investor participation remained somewhat subdued, with market turnover falling by 18.1 per cent to Taka 7.8 billion from Taka 9.5 billion in the previous session.

On the sectoral front, Bank (14.8 per cent) issues exerted the highest turnover, followed by Engineering (10.9 per cent) and Pharma (9.1 per cent) sectors.

 All the sectors displayed positive returns, out of which Services (3.2 per cent), Ceramics (3.1 per cent), and Life Insurance (2.5 per cent) exhibited the most positive returns on the bourse on Thursday. 

Out of the 397 issues traded, 281 advanced, 49 declined, and 67 remained unchanged.

CSE also settled on positive terrain. The Selective Categories' Index (CSCX) and All Share Price Index (CASPI) advanced by 57.0 points and 91.6 points, respectively.