DSE turnover hits 47-week high amid banking sector rally

Business Report :

Turnover at the Dhaka Stock Exchange (DSE) soared to a 47-week high today (31 July), reaching Tk1,063 crore-a significant 43percent jump from Tk743 crore recorded in the previous trading session.

The DSEX, the benchmark index of the bourse, also witnessed a sharp rise, gaining 91.02 points or 1.70percent to close at 5,442.12, driven largely by a bullish rally in banking sector stocks.

According to DSE data, the last time turnover surpassed this level was on 2 September last year, when it stood at Tk1,065 crore. The robust market activity reflected renewed investor confidence, especially in the financial sector.

Out of 394 issues traded, 150 advanced, 167 declined, and 77 remained unchanged. Notably, the banking sector played a pivotal role in today’s rally.

Among the 36 listed banks, 29 registered price gains, three remained flat, and only four experienced losses-demonstrating strong investor appetite for banking equities.