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The DSEX rises by 22.85 points to close at 4,995.46
Published : 27 Apr 2025, 05:55 PM
The Dhaka Stock Exchange (DSE) has rebounded after more than two weeks of continuous losses.
The bourse's benchmark index, DSEX, rose by 22.85 points to close at 4,995.46 on Sunday, compared to 4,972.59 points the previous trading day.
The index had fallen sharply on Thursday to end the week below the 5,000-point mark for the first time in five and a half months. Sunday's recovery brought the market close to that threshold again.
The DSEX last recorded a gain on Apr 10, when it closed at 5,205 points, with a total turnover of Tk 5.40 billion.
Despite Sunday's modest rise, overall trading volume fell. Turnover dropped to Tk 3.39 billion from Tk 3.67 billion the day before.
Analysis of trading data showed that gains in the pharmaceuticals and chemicals, engineering, and banking sectors drove the market's rebound. The strong performance of these key sectors helped lift the index.
As in recent sessions, trading started on a negative note on Sunday morning and continued to decline until around 12:30pm, with the index losing another 50 points.
However, buying pressure later in the day helped the market recover, and the index finished the session on a stronger footing.
The DSE began to show signs of recovery after the fall of the Awami League government on Aug 5, 2024, following mass protests led by students. Investors, too, had started regaining some of their lost confidence.
However, the upward momentum did not last. Despite an increase in trading volume, the index displayed a mixed trend, and by late September, the market became volatile again.
Frequent price swings and political uncertainty at the regulatory body pushed many investors to the sidelines.
After a meeting between the Finance Advisor Salehuddin Ahmed and the market regulator, the index began a slow recovery, with turnover gradually rising. Yet, the momentum failed to hold.
The index, which had crossed the 6,000-point mark in August, fell back to around 5,500 by late September.
During Ramadan, the market remained volatile, and by the end of the month, the index dropped further to around 5,200 points.
Investors had hoped for a post-Eid turnaround. But DSE data shows that after the Eid-ul-Fitr holiday, the index continued falling for over 15 consecutive days.
By the end of Sunday's session, most companies posted gains. According to DSE data, out of 397 companies that traded, 235 made gains, 99 declined, and 63 remained unchanged.
Banks led the day's turnover, followed by pharmaceuticals and chemicals, with the power and energy sector in third place.
Based on closing prices, Bashundhara Paper Mills, S Alam Cold Rolled Steels, and Avance Textiles topped the list of gainers, while Standard Ceramic, DESCO, and Mir Akhter were the biggest losers.
