Bangladesh’s stock market rebounded on Tuesday after suffering broad-based losses during the first two trading sessions of the week, with major index closing higher on the back of gains in most listed companies. However, trading turnover on the Dhaka Stock Exchange (DSE) fell further to its lowest level this month.
The Chittagong Stock Exchange (CSE) also ended in positive territory, with more companies posting gains and trading volume increasing.
Market data showed that the DSE initially opened lower, raising concerns among investors about another day of decline. However, before the first hour of trading ended, the market reversed course as an increasing number of stocks moved into the gainers’ list, a trend that continued until the close.
At the end of the session, shares and units of 279 companies advanced on the DSE, while 55 declined and 61 remained unchanged.
The benchmark DSEX index rose by 51 points to close at 5,605 points. The DSE Shariah Index gained 10 points to 1,139 points, while the DS30 Index, comprising selected blue-chip companies, climbed 17 points to 2,127 points.
Despite the rise in indices, trading turnover on the DSE declined to Tk 828.36 crore, down from Tk 876.06 crore in the previous session, a decrease of Tk 47.70 crore. The day’s turnover was the lowest recorded on the exchange in June.
On the CSE, the overall CASPI index gained 36 points. Of the 211 issues traded, 98 advanced, 80 declined and 33 remained unchanged. Trading turnover on the bourse rose to Tk 98.47 crore from Tk 74.42 crore in the previous session.
