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Stocks rally as DSE hits 3-month high

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Staff Reporter :

In a clear sign of renewed investor confidence, the benchmark DSEX index of the Dhaka Stock Exchange (DSE) surged 25 points on Monday (21 July), closing at 5,219 — crossing the 5,200 mark for the first time in over three months. The rally was driven primarily by strong performances from heavyweight large-cap stocks.

Trading activity also gained momentum, with daily turnover rising by 11 percent to reach Tk 800 crore — the highest since 5 November last year, when turnover stood at Tk 839 crore. The increase in turnover reflects growing investor participation amid signs of a market rebound.

Despite some profit-booking, the DSEX posted a 0.49 percent gain, extending its winning streak to five consecutive sessions. The blue-chip DS30 index also advanced 0.91 percent, closing at 1,996 points, indicating sustained strength in fundamentally sound stocks.

Of the 396 issues traded during the session, 117 advanced, 224 declined, and 55 remained unchanged — pointing to selective buying, mostly concentrated in high-performing sectors.
Leading the market’s upward push were major stocks such as Grameenphone, BAT Bangladesh, Walton, Islami Bank, and Dutch-Bangla Bank — all of which made notable contributions to the index’s rise.

BRAC Bank topped the turnover chart, underlining strong investor interest in the banking sector. Meanwhile, Uttara Finance emerged as the top gainer, and Express Insurance ended as the worst performer of the session.

Market analysts noted that the sustained rally, rising turnover, and improving liquidity signal a positive shift in investor sentiment, especially in anticipation of upcoming corporate earnings reports. After months of cautious trading, investors now appear more willing to embrace risk in pursuit of stronger returns.

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