Written by The Banking Post
The bullish momentum continues at the Dhaka Stock Exchange (DSE), with all five trading days last week witnessing a rise in share prices. As a result, the benchmark index and market capitalization recorded significant gains, extending the upward trend for a fifth consecutive week.
Over the course of the week, DSE’s market capitalization increased by Tk 10,733 crore (1.61%) to reach Tk 6,76,739 crore, up from Tk 6,66,006 crore in the previous week. The DSEX, the benchmark index, surged by 173.97 points or 3.55% during the week, marking the strongest weekly gain in recent months.
A total of 324 companies registered price appreciation, while only 35 declined and another 35 remained unchanged. Average daily turnover jumped by 30.87% to Tk 636.21 crore from Tk 486.14 crore in the previous week.
This marks a sustained recovery phase for the market, which had suffered an eight-week losing streak following Eid-ul-Fitr, during which the DSEX lost 582 points and the market cap dropped by Tk 26,882 crore. However, the tide began to turn just before Eid-ul-Adha, initiating a five-week rally that has so far added Tk 29,755 crore to the market capitalization.
Index Performance Summary (Five Weeks):
- DSEX gained a total of 429 points.
- DSES (Shariah Index) rose by 35.57 points or 3.34% last week alone.
- DS30 (Blue-chip Index) advanced by 72.50 points or 3.95%.
Top Traded Stocks (by average daily turnover):
- BRAC Bank – Tk 28.58 crore (4.49% of total turnover)
- Midland Bank – Tk 15.86 crore
- Beach Hatchery – Tk 14.07 crore
- Sea Pearl Beach Resort
- Lovello Ice Cream
- Asiatic Laboratories
- Bangladesh Shipping Corporation
- Agni Systems
- City Bank
- Orion Infusion
Market analysts believe that improved investor sentiment, increased liquidity, and rising confidence in undervalued stocks are driving the current upward trend. The sustained momentum suggests a continued rebound in market activity after a prolonged slump.
