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After massive fall, share markets bounced back to upward trend on the third trading day of the week on Tuesday
Indices at Dhaka Stock Exchange (DSE) today crossed 5,000 points.
DSE Brokers Association (DBA) president Shakil Rizvi thinks indices rose as many investors became eager to buy share in cheap prices after fall.
For the last couple of days, stock markets saw downward trend. On Sunday, DSE indices hit the lowest position in 31 months.
Today DSEX in the country’s main bourse stood at 5,077 points increasing 111 points.
Selective Category Index – CSCX of Chittagong Stock Exchange (CSE) increased 298.23 points to stand at 15,215 points.
Regarding sudden rise, Shakil Rizvi said share prices of stocks lessened much. People were selling share because of utmost depression.
“Market force brought back investment. Investors came to buy share at cheap prices that is why index rose,” he added.
Of the issues traded today, 233 advanced, 38 declined and 13 remained unchanged.
On the premier bourse, turnover, an important indicator of the market, declined to stand at Tk 317.06 crore.
The DSE Shariah Index (DSES) reached 1,164 points rising 25 point.
The DS30 index rose 47 points to stand at 1,814 points.
(DO)
