DHAKA, Oct 29, 2024 (BSS) – Stocks today rebounded, snapping a four-day losing streak, following the government’s move on formation of an inquiry committee to investigate the reasons behind the market’s sharp decline.

The Bangladesh Securities and Exchange Commission (BSEC) has formed a four-member inquiry committee to investigate the reasons behind the recent downward trend in the market, which appears unusual and suspicious.

The four committee members are Mohammad Shamsur Rahman, additional director; Muhammad Oarisul Hasan Rifat, deputy director of BSEC; Mahfuzur Rahman, AGM of DSE; and Kazi Minhaz Uddin, AGM of CDBL.

Moreover, the BSEC has also been holding meetings with stakeholders and other parties concerned to find out what can be done to develop the country's capital market.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 118.80 points or 2.43 per cent to settle at 5,017.33. Two other indices also finished higher. The DSE 30 Index, comprising blue chips, rose 52.39 points to close at 1,858.28 and the DSE Shariah Index (DSES) advanced 26.20 points to settle at 1,113.66.

BRACBANK dominated the turnover chart, closely followed by GP, ISLAMIBANK, FEKDIL and ACMELAB.

Turnover, the crucial indicator of the market, decreased to Tk 3,465.86 million, which was Tk 3,572.47 million at the previous session of the week.

MATINSPINN was the day's top gainer, rising 23.72 per cent, while HFL was the worst loser, shedding 14.42 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index - CASPI -gaining 196.19 points to settle at 14,017.50 and the Selective Categories Index - CSCX, advancing 121.93 points to close at 8,527.94.

Of the issues traded, 56 declined, 102 advanced and 22 remained unchanged on the CSE.
The port city's bourse traded 5.16 million shares and mutual fund units with a turnover value of Tk 100.83 million.