The average daily turnover at the Dhaka Stock Exchange (DSE) surged by 53.57 percent last week compared to the previous week, as cautious investors sold off shares to secure short-term profits. Weekly data from the country's premier bourse revealed that investor participation significantly increased, driven by optimism about the market's future performance.
On average, shares worth Tk 1,282.2 crore were traded daily last week, up from Tk 834.9 crore in the preceding week. However, despite the increased activity, the DSE's benchmark index dropped by 20.97 points over the past five trading days, closing the week at 5,903. The DSES index, which tracks Shariah-based companies, fell by 10.19 points to 1,264, while the DS30 index, which includes blue-chip firms, declined by 46.62 points to 2,179.
Sector-wise, telecommunication, life insurance, food and allied, non-banking financial institutions (NBFI), banks, and cement sectors ended the week in positive territory. Telecommunication saw the highest gain of 15.91 percent, the only sector to achieve double-digit growth. Life insurance rose by 6.96 percent, followed by food and allied (3.46 percent), NBFI (2.73 percent), banks (0.98 percent), and cement (0.88 percent).
Conversely, sectors such as textile, travel and leisure, fuel and power, information technology (IT), engineering, services and real estate, ceramics, jute, and paper and printing faced losses. The paper and printing sector experienced the steepest decline, falling by 8.97 percent, followed by jute (7.85 percent), ceramics (7.37 percent), services and real estate (5.36 percent), engineering (3.38 percent), IT (2.83 percent), and fuel and power (2.61 percent).
Grameenphone, the leading mobile operator in Bangladesh by customer numbers, was the most-traded stock last week, with an average daily turnover of Tk 100.3 crore. Other top-performing stocks in terms of turnover included BRAC Bank, Square Pharmaceuticals, BAT Bangladesh Company, Robi Axiata, IFIC Bank, City Bank, Techno Drugs, Unilever Consumer Care, and AB Bank.
Islamic Finance and Investment topped the chart of highest-gaining stocks last week, with a rise of 47.27 percent. Other strong performers included Pragati Life Insurance, Phoenix Finance, The Dacca Dyeing and Manufacturing Company, AB Bank, Premier Leasing and Finance, HeidelbergCement Bangladesh, Fareast Life Insurance, First Finance, and United Commercial Bank.
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