Stocks rebound on renewed optimism

 
Stocks on Tuesday rebounded strongly as renewed optimism over possible favourable revisions to the proposed margin rules boosted investor confidence and triggered broad-based buying across the market.
The DSEX of the Dhaka Stock Exchange (DSE) the broad index of the premier bourse, advanced 41.3 points to close at 5,899, up from 5,858 in the previous trading session.
The market maintained a firm upward trend throughout the session as sustained buying interest and stronger investor participation drove price gains across most listed securities, according to BSS report. 
Insurance sector stocks stabilized after several sessions of heavy selling amid expectations of potential regulatory easing on margin eligibility criteria. Buying interest also shifted to non-bank financial institution (NBFI) stocks on hopes of short-term gains.
Turnover on the DSE rose 16.9 percent to Tk 11.3 billion from Tk 9.7 billion in the previous session, reflecting improved market activity.
Among the sectors, textiles accounted for the largest share of turnover at 18.4 percent, followed by pharmaceuticals at 11.8 percent and banks at 11.2 percent.
The Chittagong Stock Exchange (CSE) also ended higher, with the Selective Categories Index (CSCX) gaining 37.3 points and the All Share Price Index (CASPI) rising 60.2 points.