Stocks rise after bleeding for 9 days

Stocks in Bangladesh returned to the green today after a massive fall for nine consecutive days.

The DSEX, the benchmark index of the premier bourse in Bangladesh, rose 30 points or 0.50 per cent to close at 6,082.

At the first trading hour, the index dropped massively and dropped below 6,000 points level mark then it turned back.

Turnover, another key indicator of the market, surged nearly 36 per cent to Tk 639 crore, up from Tk 470 crore on the previous day.

Of the securities, 196 advanced, 131 fell and 53 were unchanged.

Both DS30, blue-chip index, and DSES, shariah-based index, advanced 9 points and 3 points respectively.

Zaheen Spinning topped the gainers' list that rose 9.83 per cent. Matin Spinning Mills, Monno Fabrics, KDS Accessories, and Safko Spinning Mills rose significantly.

Standard Insurance shed mostly that eroded 2 per cent. Progressive Life Insurance, New Line Clothings, Miracle Industries, and Meghna Insurance also remained in the top losers' list.

Beximco Ltd became the most traded stock with shares worth Tk 45 crore changing hands followed by KDS Accessories, Matin Spinning, Titas Gas and Sonali Paper & Board Mills.

The Chittagong Stock Exchange (CSE) also rose today. The Caspi, all share price index of the port city bourse, increased 115 points, or 0.64 per cent, to 17,922.

At the CSE, 111 stocks advanced, 129 fell and 36 were unchanged.