Dhaka Stock market saw a rise in its indices in the past week for the second consecutive week, as investor confidence have got a little bit stronger than before with the macroeconomic outlook improving and the Bangladesh Bank鈥檚 decision to keep the policy rate unchanged.
The DSEX, the Dhaka Stock Exchange鈥檚 main index, gained 22.3 points or 0.43 per cent, closing the week at 5,201.48 points. This comes after a rise by 66.28 points in the week before.
The Dhaka bourse operated on five trading sessions in the past week, among which three recorded gains, and the remaining two witnessed losses in its indices.
Stocks in specific sectors, such as Renata, Power Grid Company of Bangladesh, BRAC Bank, and Summit Power played key roles in driving the market鈥檚 growth.
These four stocks contributed a total of 12.5 points to the increase in the DSEX index.
In its monetary policy statement for the second half of FY25, the central bank kept the policy rate unchanged, prioritising inflation control and exchange rate stability amid rising non-performing loans in the country鈥檚 banks and non-bank financial institutions.
A weekly commentary by EBL Securities noted that investor confidence strengthened in sector-specific scrips, supported by the easing of adversities on the macroeconomic front, along with the central bank鈥檚 decision to keep policy rates unchanged, offering a cautious sense of optimism over the market momentum.
鈥楬owever, cautious investors continued short-term profit booking and preferred to observe the market momentum following the capital market taskforce鈥檚 proposal for amendments to margin loan regulations,鈥� it聽added.
The average daily turnover on the DSE, however, declined to Tk 421.44 crore last week, from Tk 426.59 crore in the previous week.
Out of 398 traded issues, 183 saw gains, 166 declined, and 49 remained unchanged.
The DS30 index, which tracks blue-chip stocks, went up by 6.21 points or 0.32 per cent, closing at 1,919.11 points.
The DSE Shariah index also rose by 7.93 points or 0.69 per cent, ending the week at 1,155.73 points.
Robi Axiata topped the turnover chart with an average daily turnover of Tk 10.73 crore.
Other leading turnover stocks included Midland Bank, Orion Infusion, Khan Brothers PP Woven Bag Industries, Taufika Foods and Lovello Ice-cream, Al-Haj Textile Mills, Bangladesh Shipping Corporation, ACI, and Khulna Printing & Packaging.
