Written by The Banking Post
The Dhaka Stock Exchange (DSE) closed higher on 2 July, rebounding from the previous session’s pullback, as investor activity picked up amid growing optimism over Bangladesh’s macroeconomic outlook.
Key Market Indicators
- DSEX: Gained 26 points to close at 4,865
- DS30: Added 1.73 points to settle at 1,817
- Turnover: Rose 3% to Tk479.52 crore
- Market Breadth: 277 gainers, 69 losers, and 51 unchanged
Sector Performance and Market Drivers
Shanta Securities noted that market momentum was led by gains in travel & leisure, banking, and printing stocks, while telecom, cement, and miscellaneous scrips dragged.
EBL Securities attributed the rally to improving macro fundamentals—strong forex reserves, record remittance inflows, and rising exports. Investors returned to the market ahead of June-end earnings announcements, seeking attractive entry points.
BRAC EPL Stock Brokerage reported gains across most large-cap sectors, led by:
- Non-bank financial institutions (+1.39%)
- Engineering
- Banking, Fuel & Power, Food & Allied
- Pharmaceuticals
Top Stocks and Movers
- Most Traded: Beach Hatchery, Agni Systems, Lovello Ice Cream
- Top Gainers:
- Islami Finance (+10%, Tk8.80) despite lack of dividend declaration
- Desh Garments (+10%, Tk115.50)
- Meghna Insurance (+9.85%, Tk23.40)
- Salvo Chemical (+9.79%, Tk21.30)
- Top Losers:
- Central Insurance (-5.89%, Tk36.70)
- Standard Bank (-4.68%, Tk6.10)
- Dula Mia Cotton (-3.26%, Tk69.30)
Port City Bourse Performance
The Chittagong Stock Exchange (CSE) also posted gains, with:
- CSCX Index up 48 points
- CASPI Index up 90 points
Investor Outlook: With earnings reports on the horizon and macroeconomic indicators stabilizing, analysts expect sustained interest in fundamentally strong stocks across key sectors.
