DSE rebounds on gains, CSE stays in red despite broad-based price rise

 
The Dhaka Stock Exchange (DSE) bounced back on Wednesday after declining in the previous session following the Eid holidays, while the Chittagong Stock Exchange (CSE) failed to recover, ending in the red despite most stocks posting gains.

At the DSE, the benchmark DSEX advanced by 31 points. The Shariah-based DSES gained 1 point, while the blue-chip DS30 index rose by 8 points, according to UNB report. 

Gainers outpaced losers: 241 companies saw share price increases against declines in 102, while 47 remained unchanged.

Turnover also improved, with total transactions reaching Tk 603 crore, up from Tk 492 crore in the previous session. In the block market, shares of 21 companies worth Tk 24 crore were traded, with Asiatic Laboratories Limited topping the list with Tk 7 crore in transactions. Most of the top gainers were mutual funds. Units of EBL NRB Mutual Fund, PHP First Mutual Fund and Popular Life First Mutual Fund rose by 10 percent each. On the losing side, Generation Next Fashions Limited plunged more than 9.5 percent to the bottom. Meanwhile, the CSE index dropped by 39 points, although the majority of stocks recorded gains. Prices rose for 93 companies, fell for 64, and remained unchanged for 17.
Turnover at the port city bourse increased to Tk 20 crore from Tk 18 crore in the previous session. Like the DSE, mutual funds dominated the gainers' chart at the CSE. Units of LR Global Bangladesh Mutual Fund One, PHP First Mutual Fund, SEML FBSL Growth Mutual Fund and EBL NRB Mutual Fund rose by 10 percent each.