Stocks recover marginally

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Business Report :
Dhaka stocks recovered marginally on Monday to finish the session near flat, after witnessing the largest single day slide on Sunday that pulled the transaction to more than three months low.
The session at the Dhaka Stock Exchange (DSE) began in the morning in red, but later on the day it showed some strength as banking stocks became lucrative to some investors for repositioning. The little vibe helped rebound price indices and transactions as well.
The broader DSEX closed the day nearly 15 points up at 4831.59, with the blue-chip DS30 and Shariah DSES finishing marginally higher at 1840.17 and 1170.91 accordingly.
The day’s trade value was 14.20 percent up at Taka 384.62 crore and the volume was higher by 5.72 percent at 10.08 crore shares when stocks from some major sectors including bank, NBFI, fuel and power and miscellaneous closed higher.
The day’s lagging sectors were food and allied, pharmaceuticals, mutual fund, telecom and textile while the market remained favourable to buyers, with 149 securities among 318 traded issues closing lower. Only 119 issues ended the session in green.
The top five gaining scrips were ICB1stNRB, Green Delta Life, Aman Feed, Brac Bank and Southeast Bank; and the top five lagging issues were Exim1stMF, Kay and Que, Jute Spinning, Zeal Bangla and Standard Insurance.
Beximco Pharma topped the turnover list followed by Brac Bank, GP, Square Pharmaceuticals, FAR Chemicals, Saif Power and IDLC.
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