Stocks rebound after steep decline in last two sessions

Stocks rebounded Tuesday, after seeing steep decline in the last two sessions with turnover remained sluggish, as investors find the overall price level of most of the stocks attractive.
The market opened with a negative note, but it went up gradually as session progressed. At the end of the session the prime index of the DSE --- DSEX went up by 32.69 points or 0.73 per cent to close at 4,498.77 points.
The other two indices also saw sharp rise. The DS30, comprising blue chips gained 17.53 points or 1.10 per cent to close at 1,606.91 points. The DSE Index (DSES) went up by 11.36 points or 1.17 per cent to close at 979.33 points.
Turnover value on the DSE stood at Tk 3.0 billion, registering 0.67 per cent increase over the previous session's value of Tk 2.98 billion.
"The market closed positive zone amidst sluggish participation. The investors may find the overall price level of most of the stocks attractive, as the market suffered continuous setback in the last few sessions," commented International Leasing Securities, in its daily market analysis.
Meanwhile, the investors' vigilant attitude as well as unwillingness to inject fresh funds caused the turnover to remain at Tk 3.0 billion level, said the International Leasing Securities.   
"Stocks rebounded as buyers came back to the trading floor. Green ending of the financial and manufacturing stocks helped DSEX to revert with modest gain," said LankaBangla Securities.
An expectant move in heavyweights stocks of DS30 like Square Pharma, Olympic, GP and Heidelberg Cement pushed up the index by 17.53 points, a biggest move in last one month, said the stock broker.