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Shares bounce back

Star Business Report
The share prices on both the bourses of the country bounced back yesterday following sharp decline on Monday.
The capital market witnessed bullish trend, although no blue chips led the trading on Dhaka and Chittagong stock exchanges, market sources said.
Sources said the shares lost value heavily on Monday, which lured some investors to procure huge volume of scrips in comparatively lowerprices.
The market sources, however, said the bullish trend was also the immediate impact of suspension of margin regulation which helped increase market liquidity. The Securities and Exchange Commission (SEC) suspended the
Margin Rule 1999 in a prompt reaction to slump in share prices on Monday.
The suspension allowed the share brokers to provide credit to their clients, which helped restore the market situation.
The Dhaka Stock Exchange (DSE) /Ml Share Price Index (DSI) gained 64.34 points or 4.97 percent yesterday to close at 1356.74 while the DSE 20 index gained 91 points or 5.02 percent to close at 1902.54.
A total of 173 issues traded in the day where 153 gained, eight declined and 12 remained unchanged on the DSE. A total of 5.8 million shares and debentures worth about Tk 51.33 crore were transacted on DSEyesterday.
Beximco Pharma, Padma Textile, Global Insurance and Square Textile led the market in both volume and
value of transactions.
On Chittagong Stock Exchange, the CSE All Share Price Index (CASPI) increased by 3.35 percent or 110.44 points to close at 3-102.90 points yesterday from 3292.46 pointson Monday.
The CSE-30 Index also rose by 3.72 percent or 111.9-1 points to close at 3120.71 points yesterday from Monday's 3008.77 points.
A total of 59 issues traded. Of them, 54 gained, two declined and three remained unchanged.
Some 1,970,820 shares and debentures worth Tk 7.37 crore changed hands against 1,487,205 shares valued at Tk 5.49 crore on the previous trading day.
The market capitalisationon CSE stood at Tk 20-1.89 billion against Tk 198.72billionon Monday.