Stocks bounce back

Business Desk :
Stocks rebounded on the gaining streak on Thursday, after a single-day break, as the bargain hunters put fresh bets on major sector shares.
The market opened on an upbeat trend and the key index rose about 70 points within the first 30 minutes of trading. But half of the early gains were wiped out in late hours selling binge.
The DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 32.60 points or 0.46 per cent to settle at 6,984, after losing more than 96 points in the previous day.
Two other indices also ended higher. The DSE 30 Index, comprising blue chips, advanced 11.14 points to finish at 2,632 and the DSE Shariah Index (DSES) gained 8.39 points to close at 1,475.
Turnover, a crucial indicator of the market, stood at Tk 10.43 billion, which was 9.46 per cent higher than the previous day’s tally of Tk 11.52 billion.
Gainers took a strong lead over the losers, as out of 377 issues traded, 214 advanced, 106 declined and 57 remained unchanged on the DSE trading floor.
Beximco was the most traded stock with shares worth Tk 732 million changing hands, closely followed by GSP Finance (Tk 402 million), Genex Infosys (Tk 280 million), Delta Life Insurance (Tk 190 million) and British American Tobacco Bangladesh (Tk 178 million).
SK Trims Industries was the day’s highest gainer, soaring 9.83 per cent while Shuwrid Industries was the day’s worst loser, losing 5.58 per cent.
The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI -gaining 102 points to settle at 20,462 and the Selective Categories Index – CSCX, rising 61 points to close at 12,294.