DE News Desk :
The Dhaka Stock Exchange (DSE) rebounded on Sunday, snapping a two-week losing streak amid renewed buying interest in key sectors.
The benchmark DSEX index gained 22.85 points, closing at 4,995.46, up from 4,972.59 points in the previous session.
The rise brought the index close to the 5,000-mark once again, after it had slipped below the threshold last Thursday for the first time in over five months.
The DSEX last posted a gain on April 10, when it closed at 5,205 points with a turnover of Tk 5.40 billion.Despite the index’s recovery on Sunday, market activity remained subdued.
Turnover dipped slightly to Tk 3.39 billion from Tk 3.67 billion in the previous trading session.
Sectoral performances showed that the recovery was driven mainly by gains in pharmaceuticals and chemicals, engineering, and banking stocks.
The trading session, however, began on a weak note, with the index dropping nearly 50 points by midday.
Buying pressure in the latter half of the session helped the market regain ground and close on a positive note.
Market sentiment has remained fragile since the political transition following the fall of the Awami League government on August 5, 2024, after mass student-led protests.
Although initial signs of recovery appeared in the aftermath, momentum faded due to heightened volatility and political uncertainty, especially at the regulatory level.
Following discussions between Finance Advisor Salehuddin Ahmed and the securities regulator, the market showed brief signs of stabilization.
However, the rally failed to sustain.The DSEX, which had crossed the 6,000-point mark in August, fell sharply to around 5,500 by the end of September, and further dropped to near 5,200 points during Ramadan, weighed down by persistent volatility.
Post-Eid expectations of a market rebound remained unmet, with the index sliding for over 15 consecutive sessions until Sunday’s modest recovery.
At the end of the session, out of 397 traded securities, 235 advanced, 99 declined, and 63 remained unchanged, according to DSE data.
Banks dominated the day’s turnover, followed by the pharmaceuticals and chemicals sector, while the power and energy sector also posted notable activity.
Among the top gainers were Bashundhara Paper Mills, S Alam Cold Rolled Steels, and Avance Textiles, while Standard Ceramic, DESCO, and Mir Akhter suffered the biggest losses.