DSEX crosses 5,500 points after 10 months

Turnover exceeds Tk 6 billion in the first two hours of trading

The benchmark index of the Dhaka Stock Exchange (DSE) has crossed the 5,500-point mark for the first time in 10 months.

On Sunday, the DSEX opened at 5,443 points and climbed to 5,539 points by 11:15am. By 12:02pm, it was hovering around 5,534 points.

The last time the country’s premier bourse saw the index cross 5,500 points was on Oct 1, 2024, when it reached 5,586 points. The next day, the market began a downward trend, and the index fell below the 5,500 mark.

Before that, the DSEX had consistently remained above 5,500 until May 16, 2024. However, increased selling pressure drove the market into a prolonged slump.

Following the government changeover last year, the index had briefly climbed to 6,015 points on Aug 11, 2024, and remained above 5,500 until Oct 1, after which the downtrend resumed.

However, beginning in late June, reforms introduced by the interim government, including leadership changes, implementation of taskforce recommendations, penalties on market manipulators, and legal reforms, began to show a tangible impact. As share prices and turnover improved, it positively affected the overall index.

On Sunday, within the first two hours of trading, share prices of most listed companies rose, pushing the day’s turnover beyond Tk 6 billion. The previous day’s turnover had reached Tk 10.63 billion.