Policy relief lifts DSE turnover to seven-week high as market extends gains

Market breadth remained positive, with 193 issues advancing against 153 declining, while the remaining securities closed unchanged.

The Dhaka stock market extended its recovery for a second consecutive session today (11 November), as recent regulatory relief and policy measures lifted investor sentiment, driving turnover to a seven-week high.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), gained 8.3 points, or 0.15%, to close at 5,445.06. Turnover rose 15% to Tk757.7 crore, the highest since 23 September. The DS30 index, which tracks blue-chip stocks, advanced 0.10%.

Infographics: TBS

Market breadth remained positive, with 193 issues advancing against 153 declining, while the remaining securities closed unchanged.

According to Prime Bank Securities, two recent regulatory developments helped improve market sentiment. The Bangladesh Securities and Exchange Commission (BSEC) extended the deadline for brokers and merchant banks to adjust negative equity until 2030, allowing them to make gradual adjustments of at least 25% annually from 30 September 2027, based on previous balances.

The extension eased concerns over an immediate capital burden and potential forced share sales. Sentiment also benefited from the reopening of more than 100 of 617 frozen beneficiary owner (BO) accounts, allowing investors to resume trading and deposit funds, although cash withdrawals remain restricted.

Financial institutions led sectoral gains, rising 1.96%. LankaBangla Finance surged 7.52%, IPDC Finance gained 6.23% and United Finance advanced 3.75%. IPDC Finance also topped the turnover chart, with shares worth Tk32.4 crore changing hands.

Textile stocks dominated trading, accounting for Tk180.4 crore, or 23.7% of total turnover. Saiham Textile gained 7%, while Envoy Textiles and Matin Spinning fell 3% and 1.8%, respectively, ahead of Matin Spinning’s record date.

Insurance and fuel and power stocks accounted for 12.42% and 12.01% of total turnover, respectively.

Among individual stocks, Aman Cotton Fibrous was the top gainer, rising 9.82%, followed by Energypac Power, Union Capital, Bay Leasing and SEML FBLSL Growth Fund. CNA Textile led the losers, falling 4%, followed by Regent Textile, Sena Insurance, KDS Accessories and Silva Pharmaceuticals.

The Chattogram Stock Exchange also closed higher, with its CSCX index gaining eight points to 8,934 and the CASPI rising 19 points to 14,526. Turnover on the port-city bourse stood at Tk17 crore.

Source: The Business Standard