DSE market cap rises Tk10,700cr last week

The Dhaka Stock Exchange (DSE) experienced a robust performance in the past week, with market capitalisation surging by Tk10,740 crore, despite lingering concerns over a proposed 35% reciprocal tariff from the United States, set to take effect from 1 August.

The benchmark index DSEX of the Dhaka bourse jumped by 173.97 points, or 3.55%, closing at 5,068. The blue-chip DS30 also saw significant gains, rising by 72.5 points, or 3.95%, to settle at 1,908. Out of the total traded stocks, 324 advanced, 35 declined, and 35 remained unchanged.

Market activity, measured by turnover, witnessed a 31% increase, reaching Tk636 crore, indicating heightened investor participation. Following the index's climb, the market capitalisation rose by 1.61% to reach Tk6.76 lakh crore.

BRAC EPL Stock Brokerage, in its weekly market review, stated that the market performed across four sessions last week. The week began positively on Monday, maintained its upward momentum on Tuesday and Wednesday, and concluded on a positive note on Thursday.

All financial sectors posted gains, with life insurance leading the way with a 7.49% increase, followed by banks at 4.84%, general insurance at 3.39%, non-bank financial institutions at 2.79%, and mutual funds at 2.14%, the report added.

BRAC EPL also noted that all non-financial large-cap sectors showed positive performance. Engineering recorded the highest gain of 3.54%, followed by pharmaceuticals, fuel and power, food and allied, and telecommunication.

EBL Securities, in the weekly market report, said the benchmark index of the capital bourse demonstrated a bull run to surpass the 5,000-point threshold last week despite lingering concerns over the proposed 35% US tariff on Bangladeshi exports as investor sentiment remained resilient amid reform measures in the banking sector along with positive macroeconomic developments such as gradual recovery of foreign exchange reserve and easing inflation. 

The market began this week with a bullish note, driven by strong performance in the banking sector. Although the market experienced midweek jitters following the announcement of new US tariffs, increased investor optimism drove a surge in participation, pushing the market to its highest weekly gain in 10 months, it added.

BRAC Bank was the top-traded stock with contributing 4.49% to the DSE total turnover, which was followed by Midland Bank and Beach Hatchery.

Rahim Textile led the gainers' list as its share price jumped by 37.56% to reach Tk154.20, which was followed by Regent Textile, which rose by 36.67% to Tk4.10 per share.

On the other end, Yeakin Polymer was the top loser last week, dropping 8% to Tk13.70.