The stocks in Bangladesh closed the week in positive territory thanks to gains in large-cap shares and renewed interest in the banking sector as falling state bond yields and currency stability shaped investor sentiment.
The DSEX, the benchmark index of the Dhaka Stock Exchange, rose 1.07 per cent to 5,154.31 points.
Meanwhile, the DS30, representing blue-chip stocks, advanced 1.21 per cent to 1,986.54 points and the DSES, comprising shariah-compliant companies, gained 0.88 per cent.
Market activity also edged up, with the total turnover rising 0.63 per cent week-on-week to Tk28.97 billion. The average daily turnover last week stood at around Tk5.79 billion, while market capitalisation increased 0.62 per cent to Tk6.95 trillion.
The market opened the week on a weak note, but strong gains on Tuesday and Wednesday helped indices recover, despite profit-taking on the final session.
Financial stocks delivered mixed but largely positive performance, led by banks, which gained 4.21 per cent during the week.
Life insurance shares rose 3.27 per cent, while general insurance edged up 0.14 per cent. Non-bank financial institutions fell 0.58 per cent and mutual funds slipped 0.22 per cent.
The rally in banks came amid signs of easing stress in the money market. Treasury bill and bond yields fell sharply, while policymakers indicated that there would be no further credit squeeze despite a tight monetary stance.
Most large-cap non-financial sectors posted gains. Fuel and power led with a 1.15 per cent rise, followed by telecommunication at 1 per cent and pharmaceuticals at 0.95 per cent. Food and allied shares were marginally higher, while engineering stocks fell 0.84 per cent.
Energy stocks remained in focus after India’s Adani Group boosted electricity supply to Bangladesh despite strained diplomatic ties.
However, sectors exhibited mixed returns, with banking (4.2 per cent), life insurance (3.8 per cent) and jute (1.4 per cent) emerging as the top gainers, while travel (0.4 per cent) and textile (-2.5 per cent) posted the sharpest corrections, underscoring selective sector rotation despite the broader market’s weekly advance.
