Dhaka stocks rebound after five-day losing streak

Dhaka and Chittogram stock exchange logos.

Dhaka, Oct 13 - After five consecutive sessions of decline, Dhaka’s stock market returned to the green on Sunday, with key indices and most share prices edging higher.

At the end of the day’s trading, the benchmark DSEX index of the Dhaka Stock Exchange (DSE) gained 25 points.

Among the other indices, the Shariah-based DSES rose by 2 points, while the blue-chip DS30 advanced by 11 points.

Despite the rebound in indices, turnover on the DSE slightly declined to Tk 530 crore, down from Tk 542 crore in the previous session.

Out of the 400 issues traded, 230 advanced, 120 declined, and 50 remained unchanged.

The prices of most companies in the A and B categories ended higher, while shares in the Z category — which comprises non-dividend-paying firms — mostly declined. In this category, 39 issues advanced, 40 fell, and 19 remained unchanged.

In the block market, 22 companies recorded transactions worth Tk 17 crore, with Midland Bank shares dominating the block trades, accounting for Tk 8 crore.

Intech Limited topped the gainers’ chart on the DSE with a rise of over 9 percent, while Bangladesh Lamps PLC suffered the steepest loss, falling by more than 8 percent.

CSE

In contrast, the Chittagong Stock Exchange (CSE) extended its losing streak, with the overall index dropping by 34 points.

Of the 172 issues traded, 74 advanced, 76 declined, and 22 remained unchanged.

However, the turnover at the CSE increased to Tk 19 crore from Tk 10 crore in the previous session.

EBL First Mutual Fund emerged as the top gainer, soaring by 10 percent, while Apex Tannery Limited ended as the worst performer, losing 10 percent. - UNB