Stocks see rally

Stocks rebounded Tuesday, a day after sharp decline with turnover remained sluggish as investors were cautious, and followed 'wait-and-watch approach. The market opened with a negative note, but later 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 gainers losers took a lead over the losers as out of 288 issues traded, 160 advanced, 88 declined and 40 issues closed unchanged on the DSE floor.Square Pharma became the top turnover leaders with shares worth Tk 229.70 million changing hands followed by BSC, Lafarge Surma Cement, Emerald Oil and BSCCL.AL-Haj Textile was also the day’s highest gainer; posting a rise of 9.62 per cent while Libra Infusion was the day’s worst losers, slumping by 7.34 per cent.The port city bourse --- the Chittagong Stock Exchange (CSE) also saw positive with its Selective Categories Index – CSCX gained 66.16 points to close at 8,765.73 points.Gainers beat losers113 to 76, with 28 issues remaining unchanged at the port city bourse that traded 9.71 million shares and mutual fund units of Tk 245.80 million.