US Tariff Cut Boost: DSEX soars 1.70pc to reach 10-month high

Business Report :

The Dhaka Stock Exchange’s (DSE) benchmark index, DSEX, surged by 92 points or 1.70 percent to close at 5,536 on Sunday marking its highest level since 1 October 2024, when the index stood at 5,586 points.
The rally was largely driven by renewed investor optimism following the United States’ decision to reduce its reciprocal tariff on Bangladeshi textile imports from 35per cent to 20per cent . This move is expected to ease pressure on Bangladesh’s export sector-particularly the garment industry-and boost manufacturing performance.
The blue-chip index DS30 also posted gains, rising by 36 points to settle at 2,150, reflecting strong performances from large-cap stocks.
Market turnover saw a notable rise, climbing 7per cent from the previous session to reach Tk1,137 crore-the highest in 11 months-indicating increased investor participation.
Among the most actively traded stocks during the session were Uttara Bank, Bangladesh Shipping Corporation, and City Bank. Standard Bank topped the gainers’ list, while SEML Lecture Mutual Fund was the day’s worst performer.
Market analysts noted that investor sentiment was buoyed not only by the tariff relief but also by continued strength in the banking and manufacturing sectors, which together helped drive the market’s upward momentum.