Stocks bounce back

The stock market bounced back today as the investors went for a buying spree to take advantage of the low prices of shares because of the fall of the index in the previous three consecutive days.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 30 points, or 0.44 per cent, to 6,868.

Turnover, however, dropped 25 per cent to Tk 807 crore, down from the previous day's Tk 1,040 crore.

At the DSE, 159 stocks advanced, 158 declined and 60 remained unchanged.

Jute Spinners topped the gainers' list that rose 9.94 per cent followed by Khan Brothers' PP Woven Bag, AMCL Pran, Metro Spinning, and Libra Infusion.

Stocks of Beximco Ltd traded mostly that worth Tk 124 crore followed by Fortune Shoes, One Bank, Genex Infosys, and Sonali Paper & Board Mills.

Kattali Textiles shed mostly that dropped 6.8 per cent followed by Fareast Islami Life Insurance, Information Services Network, Aziz Pipes, and Usmania Glass.

The Chittagong Stock Exchange (CSE) also soared. The CASPI, the main index of the port city bourse, rose 90 points, or 0.45 per cent, to 20,075.

Among 257 traded stocks, 106 stocks advanced, 124 fell and 27 remained the same.