Turnover hits 47-week high, DSEX jumps 91 points
According to DSE data, the last time turnover crossed this level was on 2 September last year, when it stood at Tk1,065 crore.
Turnover at the Dhaka Stock Exchange (DSE) hit a 47-week high today (31 July), the last trading day of the week, reaching Tk1,063 crore, while the benchmark DSEX index surged by 91 points – primarily driven by a rally in banking sector stocks.
The turnover marked a 43% increase from Tk743 crore in the previous session.
According to DSE data, the last time turnover crossed this level was on 2 September last year, when it stood at Tk1,065 crore.
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Bank stocks, which had mostly remained undervalued for years, witnessed significant sell-offs due to irregularities in the industry.
Last week, the price-to-earnings ratio – which measures a company's share price relative to its earnings per share – stood at 7.1 for the banking sector, the second lowest after the fuel and power sector.
Today, among the traded stocks, the prices of 150 rose, 167 declined, and 77 remained unchanged.
Bank stocks dominated the top gainers' chart, with six of the top ten performers coming from the banking sector.
Among the 36 listed banks on the bourse, 29 saw their share prices rise yesterday, while only four declined and three remained unchanged, according to DSE data.
Trust Bank was the top gainer, with its share price rising 9.90% to Tk22.2, followed by Southeast Bank, up 9.89% to Tk10, and Sonar Bangla Insurance, up 9.88% to Tk28.9.
Meanwhile, City Bank recorded share trades worth Tk51.34 crore, followed by BRAC Bank with Tk40.44 crore and Bangladesh Shipping Corporation with Tk38.37 crore.
