DSE Weekly Roundup: April 20-24, 2026 — Q1 Earnings Roll In As Market Tests Resistance
Sarah Ali
DSE Weekly Roundup: April 20-24, 2026 — Q1 Earnings Roll In As Market Tests Resistance
The Dhaka Stock Exchange saw four active trading sessions this week (Friday was off), with the DSEX testing key resistance levels even as a rush of Q1 earnings reports and board meeting announcements kept investors busy.
Market Overview
The week started on a cautious note Sunday with more losers than gainers (188 vs 137), but sentiment flipped Monday and Tuesday as buying momentum returned. By Thursday, the market cooled again with 187 losers vs 138 gainers.
Weekly Trading Summary:
| Day | Gainers | Losers | Unchanged | Volume | Turnover (Tk Mn) |
|---|---|---|---|---|---|
| Sun Apr 20 | 137 | 188 | 71 | 293.5M | 8,029 |
| Mon Apr 21 | 222 | 109 | 65 | 309.7M | 8,990 |
| Tue Apr 22 | 213 | 120 | 63 | 347.5M | 10,334 |
| Thu Apr 24 | 138 | 187 | 71 | 258.5M | 8,437 |
Key takeaway: Tuesday's session stood out with the highest turnover of the week at Tk 10,334 million and strong breadth (213 gainers), suggesting institutional buying interest. But Thursday's pullback to Tk 8,437 million with 187 losers signals profit-taking ahead of the weekend.
Q1 Earnings Highlights
This week brought a wave of quarterly results:
- EASTLAND: EPS Tk 0.27 (Q1 2026) vs Tk 0.25 (Q1 2025) — modest 8% growth. NAV per share rose to Tk 21.86. The company also declared a dividend with EPS of Tk 1.10 for FY2025.
- SINGERBD: Q1 results revealed negative operating cash flow (NOCFPS Tk -21.42 vs Tk 4.79 in Q1 2025), attributed to hire purchase scheme timing. The company expects improvement from Q2 onward.
- IBNSINA: Consolidated Q3 EPS Tk 4.67 (Jan-Mar 2026) vs Tk 5.55 (Jan-Mar 2025) — a decline, though nine-month EPS improved to Tk 19.94 from Tk 15.02 year-over-year.
- GP: Q1 showed decreased NOCFPS (-11.6% vs prior period) due to higher collections in the comparative quarter, but NAV per share grew 11.8% from December 2025.
- SPCL: Standout performer — Q3 EPS Tk 1.32 vs Tk 0.37 (same period last year), a 257% jump. Nine-month EPS Tk 4.37 vs Tk 1.83.
- PIONEERINS: Q1 EPS Tk 1.70 vs Tk 1.36 — 25% growth. NAV per share climbed to Tk 49.47.
- UNILEVERCL: Credit rating affirmed at AA+ long-term with stable outlook. Q1 results showed improved NAV per share.
Credit Ratings
- SINGERBD: Affirmed at A+ (long-term) and ST-3 (short-term) with stable outlook — solid rating for a consumer durable company.
- MIRAKHTER: Assigned A long-term and ST-4 short-term with stable outlook.
- DESHBANDHU: Downgraded outlook to BBB long-term and ST-3 short-term with developing outlook — a concern for investors.
- UNILEVERCL: Maintained at AA+ long-term and ST-1 short-term — one of the highest corporate ratings on DSE.
Dividends
- EASTLAND: Declared dividend with EPS Tk 1.10 for FY2025.
- ASIAINS: 10% cash dividend for FY2025. EPS Tk 2.09, NAV Tk 30.55. AGM set for June 29, 2026.
Board Meetings Galore
At least 175 AGM/board meeting notices were filed this week — a clear sign that earnings season is in full swing. Notable ones:
- ISLAMIBANK: Board meeting moved to April 29 (from April 26) to consider FY2025 audited financials.
- MERCANBANK, NRBBANK: Board meetings set for April 30 for FY2025 audited results.
- ORIONPHARM, ORIONINFU, ECABLES, SEAPEARL, BSRMSTEEL, APEXFOOT, SIPLC: Q3 results meetings scheduled for late April.
Regulatory Updates
- TITASGAS: BSEC approved capital issuance — an important regulatory green light for the gas distributor.
- Multiple authorized representative withdrawals from brokerages (IST, RNT, FSL) — routine compliance updates.
- BSEC continued publishing investor awareness messages warning against rumor-based trading.
What to Watch Next Week
1. Earnings flood: Over 30 companies have board meetings scheduled for April 27-30. Expect major price movements as Q1/Q3 results come in. 2. ASIAINS and EASTLAND: Both had price limits removed this week following dividend declarations — watch for continued volatility. 3. PRIMEBANK: Spot trading only April 26-27 with cum-benefit, then suspended on record date April 28. 4. Government bond suspensions: Multiple 15Y and 20Y BGTB securities will be suspended for record dates next week.
Key Takeaways
- The market held ground mid-week but couldn't sustain momentum into Thursday.
- SPCL's 257% EPS jump was the standout earnings surprise.
- Credit rating downgrades (DESHBANDHU to BBB) warrant caution in those sectors.
- The sheer volume of board meeting notices (175+) signals a wave of earnings reports that could drive significant price action in early May.
- Banking sector reform discussions (mergers) continue as a macro backdrop, though no concrete announcements this week.
*This article is for informational purposes only and does not constitute investment advice. Always do your own research before investing in any stock.*