TBM Report
Bangladesh’s twin stock exchanges witnessed an aggressive, post-budget bullish rebound on Sunday, marking the first official trading session since the government unveiled its national fiscal bill. Driven by structural tax modifications and investor-friendly capital policies contained within the newly proposed BDT 9.38 trillion mega budget, a wave of institutional buying sent key indices soaring. Most listed securities recorded substantial capital appreciation, accompanied by a sharp liquidity influx that revitalized market turnover across the trading floor.
Market analysts and brokers noted that the strategic recalibration of corporate tax brackets introduced on June 11 by Finance Minister Amir Khasru Mahmud Chowdhury has effectively restored retail and institutional investor sentiment. The equity rally was fundamentally anchored by the financial sector, as commercial banks, non-banking financial institutions (NBFIs), and insurance companies experienced concentrated demand. This buying pressure effectively counteracted weeks of stagnant consolidation, initiating an upward trajectory from the opening bell that gained momentum across consecutive trading cycles.
At the closing bell on the Dhaka Stock Exchange (DSE), the advancing pack heavily dominated the session, with 246 scrips closing in the green, 96 declining, and 50 remaining unchanged. The banking sector emerged as the primary market driver, with 28 commercial banking entities posting significant price gains against a minor contraction in just two counters. Furthermore, 16 financial institutions and 47 insurance firms advanced strongly. This widespread market breadth propelled the DSE broad index, DSEX, to skyrocket by 104.3 points, closing at a multi-week high of 5,625 points.
Simultaneously, the blue-chip DSE-30 index scaled up by 46 points to settle at 2,119 points, while the Shariah-compliant DESES index climbed 14 points to close at 1,129 points. Daily market turnover hit a milestone of BDT 13.58 billion, reflecting an incremental liquidity spike of BDT 1.19 billion compared to the preceding session’s BDT 12.38 billion mark. In tandem, the Chittagong Stock Exchange (CSE) mirrored the bullish pattern, with its premier index, CASPI, gaining 147 points, amid a total turnover of BDT 242.1 million, stabilizing the broader macroeconomic transition of the sovereign capital ecosystem.
