DSE gains this week: IT, textiles lead positive returns

Staff reporter :

Investors in the stock market have shown a keen interest in four key sectors namely pharmaceuticals and chemicals, textiles, engineering, and banking during the week.

A total of Tk 1,073 crore was traded across these four sectors. Of this amount, approximately Tk 389 crore was transacted in the pharmaceuticals and chemicals sector, Tk 254 crore in the textiles sector, Tk 224 crore in the engineering sector, and Tk 206 crore in the banking sector.

Market experts suggest that the increased tendency to buy shares among investors is driven by the marginal financial results of the companies.

Additionally, investors anticipate a lower policy interest rate due to the recent decline in the yield of 10-year government bonds, which has positively influenced the stock market.

Market analysis indicates that at the beginning of last week, the overall index of the country’s main stock exchange, the Dhaka Stock Exchange (DSE), known as DSEX, increased by 33 points or 0.64 percent to 5,166 points, compared to 5,134 points the previous week.

The market capitalisation of the DSE stood at Tk 656,940 crore at the start of the week, which rose to Tk 660,587 crore by the end of the week, reflecting an increase of Tk 3,647 crore.

In terms of sector-wise trading, the pharmaceuticals and chemicals sector dominated the week.

An analysis of the transaction chart reveals that this sector accounted for 18.89 percent of the total transactions last week.

The textiles sector ranked second with 12.32 percent of total transactions.

The engineering sector secured the third position with 10.86 percent of the transactions, while the banking sector came fourth, contributing 9.99 percent.

The information and technology sector ranked fifth with 8.88 percent of total transactions.

Throughout the week, all shares in the remaining five sectors on the DSE yielded positive returns. Among them, the information and technology sector recorded the highest positive return of 5.04 percent.

This was followed by the textiles and ceramics sectors, which posted positive returns of 3.57 percent and 3.42 percent, respectively.

Conversely, the energy and power sector experienced the highest negative return of 1.63 percent last week. In addition, there was a negative return of 0.98 percent in mutual funds and 0.72 percent in life insurance.

Shares of BRAC Bank, Kohinoor Chemicals, Square Pharmaceuticals, Beximco Pharmaceuticals, and ADN Telecom made significant contributions to the rise in the stock market last week.