The blue-chip DS30 gained 19.11 points to 2,096.24, while the DSE Shariah Index (DSES) rose 8.79 points to 1,196.67.
Bangladesh’s stock market rebounded today (7 October) after four consecutive sessions of losses, as bargain hunting in recently battered stocks helped the benchmark DSEX gain 38 points.
The DSEX rose 38.12 points, or 0.70%, to close at 5,463.35, recovering some of the roughly 125 points it lost over the previous four sessions.
The blue-chip DS30 gained 19.11 points to 2,096.24, while the DSE Shariah Index (DSES) rose 8.79 points to 1,196.67.
Infographics: TBS
EBL Securities said in its daily market commentary that bargain hunting in recently corrected stocks provided some support, although broader investor sentiment remained subdued.
The market was volatile, with selective buying initially lifting the indices before renewed selling pressure emerged mid-session. Late-session buying, however, pushed the indices into positive territory, the brokerage said.
Trading activity also picked up, with turnover on the DSE rising 7% from the previous session to Tk604 crore.
Of 391 issues traded, 191 advanced, 134 declined and 66 remained unchanged.
Evince Textile led turnover, followed by Paramount Textile, BRAC Bank, Saiham Textile and Orion Infusion.
BSRM Steel was the top gainer, rising 9.96%, followed by Evince Textile at 9.52%, BSRM Limited at 7.86%, Saiham Textile at 6.69% and Al-Arafah Islami Bank at 6.66%.
Phoenix Finance First Mutual Fund was the biggest decliner, falling 9.49%. Exim Bank First Mutual Fund dropped 6.89%, Sunlife Insurance 6.30%, First Prime Finance Mutual Fund 6.15% and Prime Bank First ICB AMCL Mutual Fund 5.88%.
Textile stocks accounted for the largest share of turnover at 32%, followed by Pharma at 9.8% and General Insurance at 9.5%.
Among sectors, Jute gained 5%, Paper 2.8% and Engineering 2.2%. Mutual Fund fell 1.5%, Financial Institutions 0.9% and Services 0.4%.
The Chittagong Stock Exchange also closed higher, with the CSCX gaining 70 points to 9,009 and the broader CASPI rising 98 points to 14,655.
The rebound provided some relief after sustained selling pressure, but subdued sentiment and continued weakness in many stocks suggest the recovery remains fragile. Sustained buying interest will be needed to maintain the upward momentum.
