DSE Weekly Roundup: July 12-16 - BXPHARMA AAA Rating; SONALILIFE 15% Dividend
Market overview: For the trading week of July 12-16, 2026, the DSEX Broad Index closed at 5,900.36 (-0.44% on Thursday). The week started with 200 gainers on Sunday but faded to 224 losers by Thursday. Total turnover was Tk. 71,756.7 million across five sessions. BXPHARMA secured a AAA credit rating, SONALILIFE declared a 15% cash dividend, and ACI approved a BDT 700 crore investment in its logistics subsidiary.
DSE Weekly Roundup: July 12-16, 2026
The Dhaka Stock Exchange had a mixed week. Trading started with broad gains on Sunday as 200 stocks advanced against 148 decliners. By Thursday, the tide had turned: 224 stocks fell and only 110 rose. The DSEX settled at 5,900.36, losing 25.92 points (0.44%) on the final session. The DS30 dropped 0.68% to 2,227.63, and the DSES Shariah index edged down 0.17% to 1,206.86.
The week's biggest stories came from the insurance and pharmaceutical sectors. BXPHARMA earned a AAA long-term credit rating from CRISL, matching the AAA that PEOPLESINS also received. SONALILIFE declared a 15% cash dividend for 2025. Meanwhile, ACI approved a BDT 700 crore investment in its logistics subsidiary, and GP declared an interim dividend alongside its Q2 results.
Market overview
Daily trading data shows how sentiment shifted during the week:
| Date | Gainers | Losers | Unchanged | Volume | Turnover (Tk. mn) |
|---|---|---|---|---|---|
| Jul 12 (Sun) | 200 | 148 | 48 | 522,015,229 | 16,340.4 |
| Jul 13 (Mon) | 188 | 149 | 59 | 424,557,850 | 13,660.0 |
| Jul 14 (Tue) | 199 | 129 | 68 | 457,903,369 | 16,208.5 |
| Jul 15 (Wed) | 133 | 209 | 54 | 406,119,594 | 14,671.2 |
| Jul 16 (Thu) | 110 | 224 | 62 | 329,448,088 | 10,876.6 |
Sunday saw the highest volume of the week at 522 million shares, with turnover above Tk. 16,340 million. Tuesday delivered the best breadth: 199 gainers against 129 losers, with turnover reaching Tk. 16,208 million. From Wednesday onward, selling pressure built. Thursday's turnover fell to Tk. 10,876 million, the lowest of the week, as 224 stocks closed in the red.
Index levels at Thursday's close:
- DSEX: 5,900.36 (-25.92, -0.44%)
- DS30: 2,227.63 (-15.28, -0.68%)
- DSES: 1,206.86 (-2.08, -0.17%)
Earnings highlights
Q2 earnings season is underway. Several companies reported un-audited financials for the period ending June 30, 2026:
| Company | Q2 EPS (Apr-Jun 2026) | Q2 EPS (Apr-Jun 2025) | H1 EPS (Jan-Jun 2026) | H1 EPS (Jan-Jun 2025) |
|---|---|---|---|---|
| BIFC | Tk. (1.45) | Tk. (1.47) | Tk. (3.26) | Tk. (3.12) |
| ISLAMICFIN | Tk. 0.87 | Tk. (0.45) | Tk. (0.06) | Tk. 1.07 |
| BGIC | Tk. 0.55 | Tk. 0.56 | Tk. 1.24 | Tk. 1.23 |
ISLAMICFIN turned around at the quarterly level, posting EPS of Tk. 0.87 against a loss of Tk. 0.45 in the same quarter last year. However, the half-year figure remained negative at Tk. (0.06), a drop from Tk. 1.07 in H1 2025. BIFC continued to post losses, with H1 EPS worsening slightly to Tk. (3.26) from Tk. (3.12). BGIC held steady with H1 EPS of Tk. 1.24, nearly flat year-over-year.
SIPLC reported that EPS decreased for January-June 2026 due to higher claim payments, while NOCFPS improved on lower re-insurance expenditure. NAV per share rose on increased investment rates.
PRAGATILIF reported net premium of Tk. 3.75 billion for H1 2026, up from Tk. 3.03 billion in H1 2025. Its Life Insurance Fund balance grew to Tk. 8.64 billion from Tk. 6.98 billion a year earlier.
Dividend declarations
Several companies declared or disbursed dividends during the week:
| Company | Dividend | Type | Record date | AGM date |
|---|---|---|---|---|
| SONALILIFE | 15% | Cash | Aug 2, 2026 | Aug 27, 2026 |
| PADMALIFE | None | No dividend | Aug 6, 2026 | Sep 17, 2026 |
| GP | Interim | Cash (interim) | - | - |
SONALILIFE was the standout, declaring 15% cash for 2025. The company reported full-year EPS of Tk. 1.62, down from Tk. 1.73 in 2024. NAV per share stood at Tk. 32.15, declining from Tk. 39.64 a year earlier. PADMALIFE opted against a dividend for 2025.
Several companies completed dividend disbursements for prior declarations: CITYBANK (cash plus bonus shares), UTTARABANK (cash plus bonus), DUTCHBANGL (cash plus bonus), STANDARINS (cash), LINDEBD (cash), PRIMEINSUR (cash), and SONALIANSH (cash).
AAMRATECH also reported in a continuation news, with EPS of Tk. (3.17) for the year ended June 2025. For context on dividend mechanics, see our DSE Record Date vs Ex-Date guide.
Credit rating updates
Four companies received credit ratings this week:
| Company | Rating agency | Long-term | Short-term | Outlook |
|---|---|---|---|---|
| BXPHARMA | CRISL | AAA | ST-1 | Stable |
| PEOPLESINS | CRISL | AAA | - | Stable |
| COPPERTECH | ARGUS (ACRSL) | A- | ST-3 | Stable |
| IFIC | ECRL | BBB | ST-3 | Stable |
BXPHARMA earning AAA places it in the top tier of rated companies on DSE. The rating from CRISL covers audited financials through June 2025 and unaudited figures through March 2026. PEOPLESINS also received AAA from CRISL, marking a strong week for insurance sector ratings.
IFIC's BBB surveillance rating from ECRL is based on financials through December 2025. COPPERTECH received an A- with stable outlook from ARGUS, covering financials through June 2025.
Corporate actions
ACI approved a BDT 700 crore investment in its subsidiary ACI Logistics Limited. The investment will be made through 7 million convertible preference shares at Tk. 1,000 each, to be completed by October 15, 2026, subject to regulatory approval. This is one of the larger corporate investment decisions on DSE in recent weeks.
GP declared an interim dividend and released audited Q2 financials. The company noted that NOCFPS for the quarter ended June 30, 2026 decreased 17.3% compared to the prior period, mainly due to higher supplier payments.
RUPALIBANK received BSEC consent for raising capital. The bank will issue shares at Tk. 10 face value with a Tk. 5 premium, totaling approximately Tk. 680 crore, in favor of the Government of Bangladesh as GOB equity.
BAYLEASING rescheduled its AGM from September 27 to September 10, 2026, citing unavoidable circumstances. All other AGM details remain unchanged.
Regulatory notices
BSEC continued its investor awareness campaign throughout the week, repeating its standard advisory against rumor-based trading. The regulator's message references SEC letter no. SEC/SRMIC/2010/726 from November 23, 2010, reminding investors that spreading rumors is legally prohibited.
On a broader note, the Financial Express reported that Bangladesh's Financial Intelligence Unit (BFIU) seized Tk 760 billion in assets during FY25 as part of escalated anti-money laundering efforts. This signals tighter financial oversight, which could affect market dynamics going forward.
DSE also announced several authorized representative withdrawals from brokerage firms: Associated Capital Securities, Monarch Holdings, Razzak Securities, Vision Capital Management, and Gateway Equity Resources each lost one representative.
Trading suspensions and resumptions
PRIMELIFE shares were suspended on July 16 for record date and will resume trading on July 19. PRAGATILIF resumed trading on July 15 after its record date.
Several government treasury bonds had record date suspensions and resumptions: 10Y BGTB 20/07/2026 will be delisted effective July 20 on maturity. Others (15Y BGTB 18/01/2027, 10Y BGTB 18/01/2027, 15Y BGTB 18/07/2027, 10Y BGTB 19/01/2032) were suspended for record dates on July 15-16 and will resume July 19.
PADMALIFE and GP had price limits removed on July 15 following their corporate declarations. FIRSTFIN will trade in the spot market from July 19-21, with suspension on record date July 22.
Board meetings and AGMs
Next week is packed with Q2 board meetings:
| Date | Company | Purpose |
|---|---|---|
| Jul 19 (Sun) | PRAGATIINS | Q2 un-audited financials |
| Jul 19 (Sun) | SANDHANINS | Q2 + audited FY2025 financials |
| Jul 20 (Mon) | NATLIFEINS | Q2 un-audited financials (rescheduled) |
| Jul 20 (Mon) | RUPALILIFE | Q1 + Q2 un-audited + audited FY2025 |
| Jul 21 (Tue) | CRYSTALINS | Q2 un-audited financials |
| Jul 21 (Tue) | UNIONCAP | Q2 un-audited financials |
| Jul 22 (Wed) | RUPALIBANK | Q2 un-audited financials |
| Jul 22 (Wed) | AL-HAJTEX | Q1 + Q2 + Q3 un-audited + audited FY2025 |
| Jul 23 (Thu) | UNIONINS | Q2 un-audited financials |
| Jul 23 (Thu) | TAKAFULINS | Q2 un-audited financials |
The insurance sector dominates next week's calendar, with seven insurance companies reporting Q2 results. RUPALILIFE and SANDHANINS will also release audited 2025 financials. For a deeper look at insurance sector trends, check our previous roundup on insurance sector ratings.
What to watch next week
- Insurance sector Q2 flood: Seven insurance companies report Q2 results between July 19-23. Watch for premium growth trends and claim ratios, especially given SIPLC's mention of higher claim payments this period.
- NATLIFEINS board meeting: Rescheduled to July 20. NATLIFEINS is one of the larger life insurance players; its Q2 numbers could set the tone for the sector.
- ACI Logistics investment: Monitor any regulatory updates on the BDT 700 crore investment approval. This could move ACI stock if approvals come through.
- Market breadth recovery: After two consecutive days of net selling (Wednesday and Thursday), watch whether Sunday's session reverses the trend or extends the decline.
- RUPALIBANK capital raising: BSEC has already consented. The Tk. 680 crore GOB equity issuance could influence banking sector sentiment.
Key takeaways
- DSEX closed at 5,900.36 on Thursday, down 0.44% as selling pressure built through the week. Only 110 stocks gained on the final session versus 224 that declined.
- BXPHARMA and PEOPLESINS both earned AAA ratings from CRISL this week, strengthening the insurance and pharmaceutical sectors' credit profiles.
- SONALILIFE declared 15% cash dividend for 2025, with an August 2 record date. EPS declined to Tk. 1.62 from Tk. 1.73 year-over-year.
- ACI approved BDT 700 crore investment in ACI Logistics via convertible preference shares, pending regulatory approval by October 15.
- Q2 earnings season accelerates next week with 10 board meetings scheduled, led by insurance companies reporting un-audited financials for the half year ended June 30.
- Total weekly turnover was Tk. 71,756.7 million, with Sunday posting the highest single-day turnover at Tk. 16,340 million.
Frequently Asked Questions
What was the DSEX index level at the end of July 16, 2026?
The DSEX Broad Index closed at 5,900.36 on July 16, down 0.44% (25.92 points) from the previous session. The DS30 blue chip index also fell 0.68% to 2,227.63, while the DSES Shariah index slipped 0.17% to 1,206.86.
Which companies received credit rating upgrades this week?
Three companies received credit ratings during the week. BXPHARMA and PEOPLESINS both received AAA long-term ratings from CRISL. COPPERTECH received an A- long-term rating from ARGUS Credit Rating. IFIC received a BBB surveillance rating from ECRL.
What dividend did SONALILIFE declare this week?
SONALILIFE declared a 15% cash dividend for the year ended December 31, 2025. The record date is August 2, 2026, and the AGM is scheduled for August 27, 2026. The company reported EPS of Tk. 1.62 for the year, down from Tk. 1.73 in 2024.
What is the ACI BDT 700 crore investment about?
ACI's Board of Directors approved a BDT 700 crore investment in its subsidiary ACI Logistics Limited through 7 million convertible preference shares at Tk. 1,000 each. The investment is subject to regulatory approval and must be completed by October 15, 2026.
Which companies have Q2 board meetings scheduled for next week?
Several companies are scheduled to release Q2 results next week: NATLIFEINS (July 20), RUPALILIFE (July 20), PRAGATIINS (July 19), SANDHANINS (July 19), CRYSTALINS (July 21), UNIONCAP (July 21), RUPALIBANK (July 22), AL-HAJTEX (July 22), UNIONINS (July 23), and TAKAFULINS (July 23).