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The benchmark index, Dhaka Stock Exchange (DSEX), has reached the verge of crossing the 5,000-point mark for the first time in nearly two and a half months, buoyed by a sharp rise in turnover and gains across major sectors.
On Monday, the DSEX surged by 82 points to close at 4,976, the highest since Apr 23, when it last crossed the 5,000 threshold, ending that session at 5,022 points. A decline set in the very next day, triggering a downward spiral that lasted over a prolonged and dry spell.
Since then, market performance had largely remained sluggish, with only sporadic rebounds. On May 8, the index jumped by 99.85 points, and again on Jun 6, it gained 59.65 points, two of the few notable upticks in the intervening period.
During the downturn, trading volumes had also dropped significantly. On May 14, turnover fell below Tk 3 billion, and on Jun 4, it hit a low of just Tk 2.24 billion.
A turnaround began after Jun 15, as turnover climbed above Tk 4 billion. The final week of June saw renewed momentum, with turnover rising further.
On Thursday, shares worth Tk 5.06 billion were traded. The upward trend continued into Monday, with trading reaching Tk 5.73 billion.
According to DSE data, out of 396 companies traded on Monday, 278 advanced, 73 declined, and 45 remained unchanged.
The banking, pharmaceuticals, chemicals, and textile sectors accounted for the bulk of the day’s turnover. The banking sector alone saw shares worth Tk 1.5 billion change hands, which is significantly higher than its usual daily turnover of Tk 500–650 million.
Pharmaceuticals and chemicals followed with Tk 750 million in trades, while the textile sector contributed Tk 580 million.
The top 10 gainers on the day were Rupali Bank, Tashrifa Industries, Rahim Textile, AB Bank, Exim Bank, Heidelberg Cement, EBL NRB Mutual Fund, DESCO, Midland Bank, and First Security Islami Bank.
On the other hand, the 10 most losing stocks were Renwick Jajneswar, Prime Islami Life, Lovello, Saif Power, Meghna Condensed Milk, Apollo Ispat, Fareast Finance, New Line Clothing, Islamic Finance, and Meghna Pet Industries.