Stocks managed a turnaround from the short-lived correction phase, riding on late-session buying activity, as investors turned back to the market owing to positive expectations amid favorable macroeconomic developments.
On Thursday, DSEX, the broad index of the Dhaka Stock Exchange, recovered 50.6 points to settle at 5,524 points as against 5,473 points in the previous trading session.
Market analysts observed that although volatility persisted until mid-session, buyers emerged across the board to stabilise the market that reinforced optimism among market participants.
However, investor participation remained somewhat subdued, with market turnover falling by 18.1 per cent to Tk聽7.8 billion from Tk聽9.5 billion in the previous session.
On the sectoral front, Bank (14.8pc) issues exerted the highest turnover, followed by Engineering (10.9pc) and Pharma (9.1pc) sectors.
All the sectors displayed positive returns, out of which Services (3.2pc), Ceramic (3.1pc) and Life Insurance (2.5pc) exhibited the most positive returns on the bourse today.
Out of the 397 issues traded, 281 advanced, 49 declined and 67 remained unchanged.
The port city bourse, CSE, also settled on positive terrain. The Selective Categories鈥� Index and All Share Price Index advanced by 57.0 points and 91.6 points respectively.
