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The benchmark index of the Dhaka Stock Exchange (DSE) climbed to a three-and-a-half-month high, extending its winning streak to ten straight sessions as investors' confidence was boosted by the new securities commission.
The Dhaka Stock Exchange (DSE) posted its highest turnover in 22 months, with total transactions reaching Tk 15.29 billion. The market last witnessed a higher turnover on August 11, 2024, when turnover stood at Tk 20.10 billion.
The upbeat sentiment followed the appointment of renowned chartered accountant Masud Khan as chairman of the BSEC on Thursday, hours after the immediate past chairman Khondoker Rashed Maqsood resigned. Three new commissioners—Md Nafeez-Al-Tarik, Nahid Mahtab and Tanvir Habib Rahman—have also been appointed for the next four years, signaling a major reshuffle in the market regulator.
Market analysts said investors are hopeful that the new commission will introduce measures to improve transparency, strengthen governance and restore confidence in the stock market. Expectations of supportive policies and repeated political commitments to revitalise the capital market further boosted buying interest.
The DSEX, the benchmark index of the premier bourse, rose 41.15 points, or 0.75 per cent, to close at 5,516 - its highest level in three months and 12 days. The index has gained about 313 points or 6.02 per cent over the past ten trading sessions.
The DS30 index, comprising leading blue-chip companies, advanced 18.86 points to 2,087, while the DSES index, which tracks Shariah-based stocks, gained 6.57 points to 1,115.
On Sunday, market participation remained strong, with turnover on the DSE rising to Tk 15.29 billion, compared with Tk 13.52 billion in the previous session.
Gainers outnumbered losers on the DSE floor. Of the 393 issues traded, 184 closed higher, and 160 ended lower, while 49 remained unchanged.
The Chittagong Stock Exchange also ended higher, with its All Shares Price Index (CASPI) rising 131 points to 15,399, while the Selective Categories Index (CSCX) surged 84 points to 9,466.
Investors and market observers will now closely watch the policy direction of the new BSEC leadership, as hopes grow for structural reforms aimed at strengthening Bangladesh’s capital market and attracting greater investor participation.