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Stocks return from losses

Star Business Report
Stocks returned from loss yes terday amid institutional investors' relatively lower participation in the sell-offs.
Although the opening was flat, the market rose as buying came prior to the midday. It dipped later before buyers took the floor leading the benchmark index to end positive.
State-run Titas Gas. the market heavyweight, led the gain backed by pharmaceuticals, non-bank financial institutions and life issues. But bank, mutual funds, power, cement and tannery issues finished mixed.
"It appears that institutional investors remained relatively inactive in selling," said Salahuddin Ahmed Khan, chief executive of Dhaka Stock Exchange.
The DSE General Index
added 13.81 points or 0.51 percent to 2675.07. The DSE All Shares Price Index gained 11.23 points or 0.49 percent to 2295.94. The blue chip DSE-20 was up 13.02 points or 0.52 percent to 2479.53.
Total turnover, however, fell 22 percent to Tk 1.81 billion from Tk 2.33 billion the previ ous day.
Analysts said the market witnesses a poor flow in turnover as a portion of funds have been diverted to the subscrip tion of two public issues- First Security Bank and Grameen 1 mutual fund. While share offloading of Titas Gas also resulted in the decline in the liquidity supply.
"The market is taking time to adjust its liquidity position. But it's a short-term phenomena," the DSE chief executive said.
Titas Gas. Beximco Pharma, Beximco, ACI and Keya
Cosmetics ruled the turnover table.
Titas surged 8.19 percent to Tk363.
Buying pressure also drove the Bexicom Group shares higher with Beximco Pharma closed 2.68 percent up at Tk 114.80. Beximco grew 6.07 percent toTk 122.20.
ACI added 0.66 percent to Tk 511.40. But a selling pressure led Keya Cosmetics 5.26 percent down atTk 75.60.
Of the issues traded, 125 advanced, 85 lost and 15 Closed unchanged.
On the Chittagong Stock Exchange, all the indices advanced, with turnover also grew to Tk 290.13 million from Tk 246.88 million a day before. Of the issues traded, 52 gained, 59 lost and six remained unchanged.