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The Dhaka Stock Exchange has surged close to the Tk 10 billion mark in daily turnover, its highest since September last year, as the market continued to recover from months of sluggish trading.
The country’s main bourse reported turnover of Tk 9.87 billion at the close on Wednesday, up from Tk 7.22 billion on Tuesday and Tk 8.61 billion the previous day, bdnews24.com reports.
The benchmark index, DSEX, climbed 93.37 points to finish at 5,363.94, continuing its recent uptrend.
This was DSE’s highest single-day turnover since Sep 2, 2023, when shares worth Tk 10.66 billion changed hands.
Market capitalisation also posted a sharp daily gain of Tk 54.49 billion, reaching Tk 7.08 trillion, up from Tk 7.03 trillion the previous day.
Analysts attributed the renewed optimism to improving economic fundamentals, including a rise in foreign exchange reserves and a surge in inward remittances.
“After a prolonged slump, the index had little room to fall further. The market is now returning to its previous levels,” said Saiful Islam, president of the DSE Brokers Association of Bangladesh (DBA).
“This rebound was expected; it rests on solid ground,” he said, urging investors to act prudently to sustain the momentum. “Ultimately, investors bear the risk and return, so they must invest wisely.”
Saiful also called on the Bangladesh Securities and Exchange Commission (BSEC) to strengthen market surveillance.
“This is the time to bring in new listings. Fresh supply will attract investment and support long-term stability.”
Daily turnover at DSE had stayed below Tk 5 billion from May but began rising from Jul 8, crossing Tk 6 billion. It breached Tk 7 billion on Jul 16 and has been on an upward trajectory since.
Market capitalisation had fallen below Tk 5 trillion earlier this year after the January election and the gradual lifting of floor prices. At its lowest, daily turnover plunged to levels unable to sustain price growth.
Since late June, however, economic indicators have turned more favourable. Investors have begun to recover losses as prices and capitalisation rebounded.
Over the past month alone, the market gained nearly Tk 600 billion in capitalisation.
Wednesday’s rally was broad-based. Of the 399 traded stocks, 218 advanced, 102 declined, and 79 remained unchanged. The banking sector led the session with Tk 2.30 billion in turnover, which is over three times its average volume of Tk 600–700 million. Five banks ranked among the day’s top ten gainers.
The pharmaceuticals and chemicals sector followed with Tk 1.34 billion in trades, up from Tk 1.14 billion. Engineering stocks came next with Tk 972 million.
Top gainers by closing price included Coppertech Industries, Bank Asia, and Mutual Trust Bank, while CAPM BDBL Mutual Fund 01, Dulamia Cotton, and Desh Garments suffered the steepest losses.