After the Eid-ul-Azha holidays, the Dhaka Stock Exchange (DSE) bounced back quickly due to a rise in investor interest. Recent statistics show that the DSEX index closed at 4,724 points, which is an increase of roughly 15 points, signaling a positive beginning following the celebrations. After a 10-day market closure, investors were eager to return, pushing blue-chip and large-cap stocks back into the green. Market analysts noted that the DS30 index, which tracks blue-chip companies, rose by about 9 points, supported by renewed inflows into major firms like BRAC Bank, Square Pharma, and City Bank. Although the Shariah-compliant DSES index saw a slight dip of 0.02%, the overall market mood was upbeat with turnover hitting approximately Tk 263 crore, up from around Tk 224 crore in the session preceding Eid The increase in trading volume reflects growing confidence among investors following the holiday lull. Sectors such as banking, pharmaceuticals, and food led the charge, accounting for a significant share of trades. Analysts point to bargain-hunting following pre-holiday dips and strong performance by select large-cap stocks as primary drivers of the market’s upward trend. There was a noticeable improvement in market breadth. Out of the total companies traded, 145 advanced, 179 declined, and 68 remained unchanged. Mutual funds also experienced a surge in activity, contributing to the lifted turnover. Experts believe this rally reflects pent-up demand and improved sentiment after the holiday. According to Akramul Alam, Head of Research at Royal Capital, investors responded positively to non-political developments such as election roadmaps and supportive budget proposals particularly tax benefits for listed firms which helped ease uncertainty. Looking ahead, analysts say the next moves will depend on government and corporate earnings updates, along with global economic trends. However, the recovery signals a resilient market capable of absorbing short-term shocks, demonstrating the strength of underlying fundamentals. To sum up, after the Eid holiday, the Dhaka Stock Exchange saw a strong recovery due to more investor engagement, gains from well-established companies, and a boost in positive sentiment. As the DSE regains momentum, continued market support and clarity in upcoming policies may solidify positive investor sentiment through the mid-year period.
