The country’s capital markets witnessed a strong recovery last week, with both the benchmark index and market participation trending upward. The premier bourse, the Dhaka Stock Exchange (DSE), saw its broad index rise by over 1.5%, while daily average turnover jumped by more than 15%.
DSE Market Performance
The benchmark DSEX index climbed by 80.07 points (1.55%) to close the week at 5,234 points, up from 5,154 points the previous week. Other key indices also reflected the positive momentum:
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DS-30 (Blue-chip index): Rose by 15.31 points to end at 2,002.
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DSES (Shariah index): Gained 37.64 points to settle at 1,072.
Activity on the trading floor intensified significantly. The daily average turnover reached Tk 668.17 crore, marking a 15.32% increase compared to the previous week’s average of Tk 579.42 crore. Out of the 389 issues traded, 231 advanced, 141 declined, and 17 remained unchanged.
Leading Contributors and Sector Dynamics
Blue-chip stocks and fundamentally strong companies drove the rally. The top contributors to the index rise included:
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Islami Bank
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Walton Hi-Tech Industries
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Al-Arafah Islami Bank
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BRAC Bank
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Renata PLC
Sectoral Turnover (Top 5): | Sector | Market Share (%) | | :— | :— | | Banking | 20.03% | | Pharmaceuticals & Chemicals | 14.57% | | Textiles | 9.34% | | General Insurance | 8.81% | | Engineering | 8.11% |
In terms of returns, the Engineering sector led the pack with a 5.66% gain, followed by Banking (3.79%) and Mutual Funds (3.40%). Conversely, the General Insurance sector faced the steepest correction, dropping 3.89%.
Chittagong Stock Exchange (CSE) Highlights
The port city’s bourse also mirrored the positive trend. The CASPI (All Share Price Index) rose by 1.81% to close at 14,731 points.
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Total Turnover: Tk 29.32 crore.
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Price Movement: 160 issues advanced, 87 declined, and 22 remained unchanged.
Market Note: Analysts attribute the surge to renewed investor confidence and a shift in portfolios toward banking and engineering scrips, despite a slight dip in total weekly volume at the CSE compared to the prior week.
