After a steep fall triggered by tensions between India and Pakistan, the stock markets in Dhaka and Chattogram bounced back strongly on Thursday, the final trading day of the week, with the majority of shares recording price gains.
At the Dhaka Stock Exchange, the benchmark index DSEX surged by 99 points, marking a 2 per cent rise compared to the previous session.
The other two indices also posted gains: the Shariah-compliant DSES rose by 26 points, while the blue-chip index DS30 climbed by 27 points. On the day, the DSES gained 2.50 per cent and the DS30 increased by 1.50 per cent.
Out of 394 companies traded at the DSE, share prices increased for 377, while only 10 saw a decline. The prices of seven companies remained unchanged.
All three categories 鈥� A, B and Z 鈥� witnessed upward price movements. Besides, all 36 traded mutual funds recorded price increases.
On the DSE block market, shares worth Tk 12.82 crore were traded from 28 companies. Midland Bank and Lovello led the trades, each selling shares worth Tk 1.90 crore.
Total turnover on the DSE stood at Tk 366 crore, compared with that of Tk 516 crore in the previous session. Brokerage firms attributed the lower turnover to reduced selling pressure.
Among the top performers, NRBC Bank led the Dhaka market with a 9.86 per cent rise in share price, while Meghna Condensed Milk Limited saw the steepest drop, declining by 5.91 per cent.
The Chattogram Stock Exchange also experienced a significant rebound, with its overall index increasing by 113 points.
Out of 189 companies traded, 129 saw price gains, 45 declined and 15 remained unchanged.
The total turnover at the CSE crossed Tk 21 crore.
Deshbandhu Polymer, Crown Cement and NRBC Bank were the top performers at the CSE, each recording a 10 per cent increase.
On the other hand, Eastern Insurance Company suffered a 10 per cent decline, placing it at the bottom of the day鈥檚 chart.
