STAR BUSINESS REPORT

The stock market in Bangladesh rebounded yesterday after falling for two consecutive days riding mainly on the performance of the large-cap shares.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went up by 33.67 points, or 0.65 percent from the previous day before closing at 5,198.

The shares of the companies like Beacon Pharmaceuticals, Pubali Bank, Robi Axiata, Beximco Pharmaceuticals, Power Grid Company of Bangladesh, Orion Infusion, Prime Bank, and Bangladesh Shipping Corporation drew most of the investors, according to the daily market update by LankaBangla Financial Portal.

Beacon Pharma was alone liable for 7.30 points, the highest among the gainers.

However, the shares of Islami Bank Bangladesh, BRAC Bank, Premier Bank, Unique Hotel and Resorts, Olympic Industries, MJL Bangladesh, Taufika Foods and Lovello Ice-cream, Bangladesh Steel Re-rolling Mills, Berger Paints Bangladesh, Keya Cosmetics suffered losses.

Likewise, the DSES index that represents the Shariah-compliant companies edged up by 13.47 points, or 1.17 percent, to 1,161.

In the blue-chip segments, the DS30 index increased by 14.00 points, or 0.73 percent, to 1,933. Out of the 398 scrips, prices of 223 rose, 101 closed lower while 74 did not see any price fluctuation.

The benchmark index of the premier bourse jumped yesterday after experiencing a technical glitch on Sunday, which delayed the beginning of the day’s trading by one hour and a half.

However, turnover, an indicator of the cumulative value of share prices, stood at Tk 363 crore, posting an increase of 16.36 percent from the previous session.

The banking sector dominated the market activities, accounting for 18.56 percent of the total turnover. However, Fine Foods Limited emerged as the most-traded share, with a turnover of Tk 14.8 crore.

Large-cap companies showcased positive performances, as per the daily market update of BRAC EPL Stock Brokerage.