STAR BUSINESS REPORT

The indexes of the Dhaka Stock Exchange (DSE) rallied last week as investor activity remained upbeat on the back of a continuous market recovery.

The DSEX, the benchmark index of the DSE, surged 173.97 points, or 3.55 percent, to close the week at 5,068.

The DS30 index, comprising blue-chip stocks, advanced 73 points to 1,908, while the DSES index, which tracks Shariah-compliant firms, gained 36 points to close at 1,101.

With the market closed on July 6 as it was a public holiday for holy Ashura, there were four trading sessions last week, all of which ended higher, buoyed by increased turnover, according to DSE data.

Total turnover for the week stood at Tk 2,545 crore, up from Tk 1,945 crore in the previous week.

The average daily turnover rose to Tk 636 crore, marking a 31 percent increase from the previous week’s Tk 486 crore.

Investors were most active in the banking sector, which accounted for 19.13 percent of the daily average value of trade, followed by pharmaceuticals (13.59 percent) and textiles (10.43 percent).

In terms of sector-wise returns, the life insurance sector led with a gain of 7.49 percent, followed by paper and printing, jute, travel and leisure, and tannery.

Of the issues that were traded, 324 advanced, 35 declined, and 35 remained unchanged.

Rahim Textile Mills PLC topped the gainers’ list with a 37.56 percent rise, while Yeakin Polymer Limited dropped the most, losing 8.05 percent.