Written by The Banking Post
The Dhaka Stock Exchange (DSE) witnessed a strong opening on Wednesday (31 July), with investor sentiment buoyed by regulatory action taken against high-profile market irregularities.
Within the first hour of trading, the benchmark DSEX index soared by 95 points, or 1.77%, reaching 5,447 as of 11:00 AM. The upward momentum reflected renewed confidence among investors following the Bangladesh Securities and Exchange Commission’s (BSEC) decisive move against alleged market manipulation.
The blue-chip DS30 index also posted a solid gain, rising 40 points to 2,105 during the session.
According to DSE data, 255 issues advanced, 68 declined, and 61 remained unchanged, signalling broad-based market optimism.
The rally comes a day after the BSEC imposed a lifetime ban on controversial businessman Salman F Rahman, his son, and former BSEC Chairman Shibli Rubayat-Ul-Islam, citing serious irregularities in the issuance of the IFIC Amar Bond.
Market analysts suggest that the regulator’s strong stance on enforcement may have triggered a wave of positive sentiment, particularly among retail investors who have long demanded stricter oversight and accountability in the capital market.
