Stocks return from losses

Stocks returned to the black yesterday as institutional investors used low prices as a buying opportunity.
The benchmark General Index, DGEN, the indicator of Dhaka Stock Exchange, closed at 4,345.01 points, after gaining 60.49 points or 1.41 percent.
Market analysts said institutional investors pulled up the market.
The market started on a negative note as some companies declared less-than-expected dividends, LankaBangla said in its daily market commentary.
Sponsors and directors also continued to declare their intention to buy shares, the stockbroker said.
Turnover gained 2.9 percent, compared to the previous day. A total of 0.69 lakh trades were executed, generating a turnover of Tk 185 crore with 4.46 crore shares and mutual fund units changing hands on Dhaka bourse.
Prime Islami Life Insurance was the biggest gainer of the day, as it posted a 6.66 percent rise, while Prime Finance and Investment was the worst loser, slumping by 32.59 percent.
The Selective Categories Index of Chittagong Stock Exchange gained 114.86 points, to end the week at 8,045.34.