Stocks bounce back strongly

Trading at Dhaka Stock Exchange (DSE) bounced back strongly today, after falling for four consecutive days.

The DSEX, the benchmark index of the DSE, soared 71 points, or 1.02 per cent, to 6,997.

Earlier, the index slipped 106 points in the last four days.

At the DSE, 239 stocks advanced, 95 declined and 46 remained the same.

The turnover, an important indicator of the market, rose 11 per cent to Tk 1,325 crore.

Stocks of Beximco Ltd traded mostly that worth Tk 96 crore followed by LafargeHolcim Bangladesh, Bangladesh Shipping Corporation, Bangladesh Building Systems, and Orion Pharmaceuticals.

Alltex Industries topped the gainers' list that rose 19 per cent followed by Bangladesh Building Systems, Khan Brothers PP Woven Bag, Acme Pesticides, and Yeakin Polymer.

Meanwhile, Envoy Textiles slipped mostly that dropped 3.4 per cent followed by Fortune Shoes, SEML Lecture Equity Management, Queen South Textiles, Social Islami Bank.

The Chittagong Stock Exchange (CSE) also surged today. The CASPI, the main index of the bourse of the port city, rose 223 points, or 1.10 per cent, to 20,522.

Among the 305 traded stocks, 208 rose, 73 fell and 24 remained unchanged.