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After two consecutive weeks of decline, the Dhaka Stock Exchange (DSE) showed signs of recovery last week, with the benchmark DSEX index rising 166 points and average daily turnover increasing over 12 per cent.
Analysis of DSE’s weekly report shows the index started the week at 4,702 points and ended at 4,869 points, marking a 3.54 per cent increase over the week.
The upward trend was mirrored in both Shariah-based and blue-chip indices. The DSES index rose 41 points, up 4.23 per cent, while the DS30 gained 26 points, a 1.43 per cent increase. Mid- and small-cap companies also saw significant recovery, with the DSE SME index climbing 95 points, a 13 per cent jump.
Market turnover increased alongside the indices. Although still below the Tk 4-billion-daily average mark, trading rose 12.19 per cent from 3.54 billion taka to 3.97 billion taka per day.
Most companies saw price gains during the week. Out of the listed firms, 347 witnessed price increases, 18 declined, and four remained unchanged.
Taufika Foods and Lovello Ice-cream PLC topped the weekly turnover list, with an average daily trading value of Tk 120 million, followed by Khan Brothers PP Woven Bag Industries Limited at Tk 110 million.
Anwar Galvanizing Ltd, Summit Alliance Port Limited, and Square Pharmaceuticals PLC recorded average daily turnovers of Tk 100 million each.
On the block market, Khan Brothers PP Woven Bag Industries Limited led sales with 210 million taka, followed by Prime Bank PLC at Tk 200 million.
All top-traded stocks at DSE were Z-category companies, known for not distributing dividends. Khulna Printing & Packaging Limited led the list, with its shares rising over 51 per cent during the week, from 8.50 taka to 12.90 taka, despite having suspended production and dividend payments since 2020.
Among dividend-paying companies, Simtex Industries PLC saw the steepest fall, with its shares dropping 16 per cent over the week, from Tk 32.90 to Tk 27.50.
Sector-wise, 13 out of 21 sectors posted gains while eight saw declines. The ceramic sector recorded the highest increase at 203 per cent, whereas corporate bonds fell the most, down 64 per cent.
Financial sector shares were largely bullish. Non-bank financial institutions rose 47 per cent, banks gained 30 per cent, general insurance 13 per cent, and life insurance 3 per cent.
Chittagong Stock Exchange (CSE) also mirrored DSE’s recovery, with the CASPI index climbing 241 points.
Weekly turnover stood at 46 crore taka, led by A-category dividend-paying companies with a 73 per cent surge. B-category mid-tier firms saw a 16 per cent increase, and Z-category non-dividend stocks rose 10 per cent.
At CSE, 196 companies ended the week with price gains, 68 fell, and 11 remained unchanged.
Z-category companies dominated the top positions, with Khulna Printing & Packaging Limited leading, posting a 55 per cent weekly gain.
Simtex Industries PLC was at the bottom, losing more than 18 per cent in a week. Orion Infusion Limited recorded the highest weekly turnover at Tk 140 million.