DHAKA, Jan 06, 2025 (BSS) - After witnessing a downward trend in the last two sessions, stocks today rebounded in the Dhaka and Chittagong stock exchanges as investors remained active on sector-wise issues.

DSEX, the broad index of the DSE, advanced by 33.7 points to settle at 5,199 points as against 5,165 points in the previous trading session.

Market analysts observed that the indices managed to remain afloat throughout the session as opportunistic investors seized positions in sector-specific stocks in anticipation of quick gains following recent market corrections.

Moreover, the finance adviser’s attention to the market’s wavering sentiment instilled a cautious sense of optimism among investors, as they anticipated efforts to address the prevailing concerns pervading the trading floor, they opined.

However, trading activities remained stagnant in the absence of any positive catalysts for the market, with total turnover in DSE slightly increasing by 16.4% to Taka 3.6 billion as against Taka 3.1 billion in the previous session.

On the sectoral front, Bank (18.6%) issues exerted the highest turnover, followed by Pharma (12.8%) and Food (8.6%) sectors.

Almost all the sectors displayed positive returns, out of which Jute (5.6%), Paper (3.6%) and IT (2.3%) exhibited the most gains on the bourse today, while Travel (-0.7%) and Bank (-0.3%) exerted some corrections.

Out of the 397 issues traded, 221 advanced, 100 declined and 76 remained unchanged.

The port city bourse, CSE, also settled on green terrain. The selected indices (CSCX) and All Share Price Index (CASPI) marginally rose by 3.5 and 5.9 points, respectively.