Written by The Banking Post
The Dhaka Stock Exchange (DSE) started the week on a cautious note today (8 July), as investor sentiment turned wary following US President Donald Trump’s announcement of a 35% reciprocal tariff on Bangladeshi products.
The DSEX, the benchmark index of the DSE, dipped in the first five minutes of trading, briefly regained ground, but by 10:40 am was down 10 points at 4,966. The blue-chip DS30 index also declined, shedding 5 points to 1,867.
Early trading reflected mixed market sentiment: out of the issues traded, 118 advanced, 176 declined, and 84 remained unchanged.
President Trump’s tariff move — scheduled to take effect on 1 August — marks a notable shift in trade policy, targeting what he described as unfair trade imbalances with Bangladesh.
In response, Bangladeshi officials have signaled hope for a diplomatic resolution. A government delegation is currently engaged in talks with US counterparts to negotiate a reduction or delay of the new tariff.
Market watchers say further developments in these negotiations will be closely monitored by investors, as they could significantly influence trading direction in the coming sessions.
