Dhaka stocks make a comeback

Stocks made a comeback today from a three-day losing streak spurred by the regulator's decision to make more margin loans available for investors.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 39 points, or 0.59 per cent, to close at 6,669.

Turnover, an important indicator of the market, dropped nearly 16 per cent to Tk 745 crore down from the previous day's Tk 885 crore.

Prime Insurance topped the gainers' list that rose 10 per cent followed by Bangladesh Shipping Corporation, Atlas Bangladesh, Shepherd Industries, and Bangladesh Building Systems.

Meghna Condensed Milk shed the most, dropping 4 per cent followed by AMCL (Pran), Provati Insurance, Meghna Pet Industries, and Gemini Sea Foods.

Beximco Ltd was the most traded stock on the day with its shares worth Tk 68 crore changing hands. Bangladesh Shipping Corporation, Asia Insurance, Genex Infosys, and Beximco Pharmaceuticals also saw heavy trading.

On the DSE, 196 stocks advanced, 142 declined, and 40 remained unchanged.

The Chittagong Stock Exchange also rose. The CASPI, the main index of the bourse in the port city, surged 153 points, or 0.79 per cent, to 19,421.

Of the 299 stocks traded, 156 rose, 105 fell, and 38 did not see any price movement.