Written by The Banking Post
After a long period of sluggish performance, bank stocks powered a significant rally in Bangladesh’s stock market. On Monday, July 7, the Dhaka Stock Exchange (DSE) benchmark index surged by nearly 100 points, while daily turnover climbed close to Tk 600 crore — the highest in two months.
The momentum began at the start of trading, as share prices of almost all listed banks rose sharply, pushing the index upward. This positive trend continued through to market close, and the rally also lifted other sectors. As a result, all major DSE indices closed significantly higher.
At the end of the day, out of 36 listed banks on the DSE, 35 saw share price gains, while one remained unchanged. Overall, 278 companies and mutual fund units registered price increases, 73 declined, and 45 remained unchanged.
Among companies that typically pay higher dividends (10% or more), 172 gained, 27 declined, and 17 were unchanged. Among mid-tier firms (paying less than 10% dividends), 49 rose, 25 fell, and 9 remained flat.
Even within the struggling ‘Z’ group (companies that do not pay dividends), 57 stocks gained, 21 declined, and 19 stayed unchanged. Meanwhile, of the 36 listed mutual funds, 30 advanced, 2 fell, and 4 remained unchanged.
By the close, the DSE’s benchmark index, DSEX, jumped 82 points to finish at 4,976. The DSE Shariah Index (DSES) rose by 15 points to 1,081, while the blue-chip DS30 index gained 36 points, ending at 1,873.
Alongside rising indices, trading volume also improved. The DSE recorded turnover of Tk 573.46 crore, compared to Tk 506.18 crore in the previous session — an increase of Tk 67.28 crore. This marks the highest turnover since May 5 this year.
Brac Bank led trading with shares worth Tk 37.77 crore changing hands. City Bank followed with Tk 15.37 crore, and Midland Bank took third place with Tk 15.24 crore. Other active stocks in the top ten by turnover included Beach Hatchery, Square Pharmaceuticals, Sea Pearl Beach Resort, Lovello Ice Cream, Bangladesh Shipping Corporation, Agni Systems, and Asiatic Laboratories.
In the Chittagong Stock Exchange (CSE), banks also drove gains, supported by rising prices across most sectors. The CSE’s CASPI index advanced by 184 points. Of the 228 participating companies, 154 saw gains, 47 declined, and 27 were unchanged. Total turnover at the CSE, however, dropped to Tk 4.66 crore, compared to Tk 21.45 crore in the previous session.
Overall, the first three trading days of the new fiscal year 2025–26 have all ended with rising indices, signaling renewed investor optimism led by strong banking sector performance.
