DHAKA, Nov 27, 2024 (BSS) - Stocks today logged some recovery as bargain hunters chose to take positions in the beaten-down scrips following consecutive sessions of corrections.

DSEX, the broad index of the Dhaka Stock Exchange (DSE), recovered 54.8 points and settled at 5,198 points as against 5,143 points in the previous trading session. The blue-chip index DS30, a group of 30 prominent companies, saw a 23.13 points increase to 1917.43 while the DSES Index, which represents Shariah-based companies, saw a 18.06 points increase to 1,166.57 till the end.

Market analysts observed that the indices remained upbeat for the majority of today's session, while the market recovery was aided by price appreciation in the majority of stocks. 

Meanwhile, market turnover also increased by 25.4 percent to Taka 4.5 billion as against Taka 3.6 billion in the previous session. 

On the sectoral front, Bank (16.6 percent) issues exerted the highest turnover, followed by Pharma (13.1 percent) and Textile (9.3 percent) sectors. 

Most of the sectors displayed positive returns, out of which Services (5.0 percent), Financial Institutions (3.8 percent) and IT (2.7 percent) exerted the most gains while only Jute (-3.3 percent) and Miscellaneous (-2.2 percent) exerted corrections on the bourse today. 

Out of the 397 issues traded, 328 advanced, 36 declined and 33 remained unchanged.

The port city bourse, CSE, also settled on green terrain. The selected indices (CSCX) and All Share Price Index (CASPI) rose by 83.4 and 137.3 points, respectively.