Dhaka, July 06 (V7N) – The capital market has begun to recover after eleven months of downturn. Between May 29 and July 3, prices of shares in 293 out of 360 listed companies increased, with 88 companies seeing a rise of at least 10 percent. Many of these shares had previously lost between 8 and 60 percent of their value during the past 11 months.

Over the last 19 working days, the main price index of the Dhaka Stock Exchange (DSEX) rose by approximately 448 points in 14 days but slipped by 169 points on the remaining five days. Trading volumes have also improved significantly, with daily share turnover doubling from 247 crore taka on May 29 to over 506 crore taka on July 3.

Following the fall of the Sheikh Hasina government on August 5 last year amid a mass uprising, the stock market initially surged, with the DSEX index rising 786 points over the first four days. However, market manipulators who had controlled the market then went dormant.

Subsequent global tensions, including the US-China trade war and additional tariffs imposed by former US President Donald Trump, worsened the situation. Rising interest rates to combat inflation led major investors to move funds into US Treasuries and savings bonds, triggering a liquidity crunch and a loss of investor confidence.

END/RH/AJ