DSE hits historic turnover, adds Tk 10,759cr to market capitalisation

 Dhaka Stock Exchange (DSE) witnessed record-breaking trading activity throughout the past week, pushing average daily turnover to Tk 681 crore, the highest so far this year.

DSE’s total market capitalisation rose by Tk 10,759 crore during the week, marking a 1.59 percent increase from the previous week.

The surge in turnover was consistent over the trading days. Both Wednesday and Thursday saw daily turnover cross the Tk 700-crore mark, the highest since September 25, 2024.

Trading volume began rising gradually in early July, crossing Tk 500 crore and stabilising above Tk 600 crore by the middle of the month. The week ended with a peak turnover of Tk 789 crore, bringing a wave of optimism back to the market.

Indices Rise Alongside Turnover

The market rally also reflected in the key indices. The benchmark DSEX index rose by 64 points over the week, closing at 5,132 points, up from the previous week’s 5,068.

Other indices showed similar growth. The Shariah-based DSES index gained 18 points, while the blue-chip DS-30 index, comprising large-cap stocks, advanced by 28 points.

Market breadth remained positive. Of the 394 issues traded at the DSE during the week, 290 advanced, 80 declined, and 24 remained unchanged.

Banking Sector Under Pressure

Despite the overall bullish trend, the banking sector continued to struggle. Share prices of listed banks took a hit following a negative outlook by S&P Global Ratings on the country’s banking industry.

The credit rating agency projected that Bangladesh's banking sector would remain under pressure until 2026, citing structural weaknesses, asset quality concerns, and overall inefficiencies.

Among the 36 listed banks, prices of 11 advanced, while 23 declined and 2 remained unchanged.

Throughout the week, bank stocks recorded a 23.71 percent fall in value, with sectoral turnover down by 29.49 percent.

Unlike the banking sector, financial institutions and insurance stocks showed strong performance. Non-bank financial institutions saw a 35 percent rise in share prices, while general and life insurance stocks climbed by 34 percent and 18 percent, respectively.

CSE Follows Dhaka’s Lead

Chittagong Stock Exchange (CSE) mirrored the upbeat mood. Its key index rose by 251 points during the week.

Besides, the CSE-50 index gained 13 points, the selective CSE-30 index added 254 points and the Shariah-based CSI index climbed 14 points.

Of the 341 companies traded at the CSE, 237 advanced, 75 declined, and 29 remained unchanged.

Bangladesh Finance Limited, a Z-category stock, topped the gainers’ chart, while Mithun Knitting and Dyeing emerged as the week’s biggest loser.

The highest weekly turnover at the CSE came from shares of Lovello and BRAC Bank.