Written by The Banking Post
On Sunday (17 August), the first trading day of the week, banks and financial institutions dominated the stock market, fueling a significant rise in indices at both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE). Alongside the rally, the overall transaction volume also increased.
The session opened with most bank and financial sector shares gaining value, and the upward momentum continued until the close of trading. This positive trend also spilled over into other sectors, resulting in a broad-based rise in share prices and all major indices ending higher.
By the end of the day, shares and units of 205 companies advanced on the DSE, while 135 declined and 58 remained unchanged. Among the 36 listed banks, 28 gained, 4 declined, and 4 were unchanged. In the financial institutions segment, 14 out of 23 saw price increases, while 4 declined and 5 stayed flat.
Strong performers included companies offering good dividends (10% or more), with 122 gaining, compared to 78 losing and 20 remaining unchanged. Among moderate dividend-paying firms (less than 10%), 52 advanced, 23 declined, and 8 remained flat. Even within the poorly performing ‘Z’ group, which includes firms that do not offer dividends, 31 companies posted gains, while 34 declined and 30 stayed unchanged.
Of the 36 listed mutual funds, 8 rose, 17 declined, and 11 remained flat.
The benchmark DSEX rose by 51 points to 5,401. The Shariah-based DSES gained 9 points to 1,172, while the blue-chip DS30 index added 22 points, closing at 2,095.
Turnover on the DSE also saw a boost, reaching Tk 801.71 crore compared to Tk 703.02 crore in the previous session—an increase of Tk 98.69 crore.
City Bank played the largest role in this turnover, with shares worth Tk 36.38 crore traded. Bangladesh Shipping Corporation ranked second with Tk 27.40 crore, followed by Orion Infusion with Tk 26.78 crore.
Other top 10 traded companies on the DSE included Beximco Pharmaceuticals, Asiatic Laboratories, Malek Spinning, Jamuna Bank, Magura Multiplex, Dominage Steel Building, and CVO Petrochemical.
At the Chittagong Stock Exchange (CSE), the CASPI index gained 124 points. Of the 173 companies traded, 88 advanced, 64 declined, and 21 remained unchanged. Total turnover rose sharply to Tk 13.66 crore, compared to Tk 4.61 crore in the previous session.
