BSS, Dhaka :
Dhaka stocks rebounded Wednesday after witnessing corrections in price in the past three consecutive days since the opening of the week.
All three market indicators eased up at the day’s close driven by telecom, mutual funds, textiles, energy, leather and food and allied sectors.
The broad-based DSEX index of Dhaka Stock Exchange (DSE)
closed marginally up at 4763.711 when the blue-chip DS30 finished
the day at 1693.4 and Shariah index at 996.60
The broad-based DSEX index fell in the past three days on correction in prices of blue-chips including telecom, pharmaceuticals, power and energy, banking, engineering, food and tannery sectors.
The trading, however, got some strength on Wednesday to cease the continuous price correction when some investors went for voluminous buying of shares of companies having larger stake in market. The daily trade value rose to taka 572.40 crore from Tuesday’s taka 490.58 crore.
Stockbrokers said the voluminous buying of particular issues created demand for shares of pharmaceuticals, telecom, petroleum and financial sectors those were eventually the most active issues of the day.
The selective demand was not reflected in trading of most of the issues, resulting in fall of prices across the board. Out of 194 issues traded, only 74 advanced though the number was higher over 64 of Tuesday.
