Executive summary

August was a domestic confidence and liquidity correction: DSEX fell 5.05%, average daily turnover contracted 30.16%, and market breadth weakened. The report examines energy pressures, valuations, investor flows and the partial stabilization through 3 September 2026.

August 2026 monthly market update

From reform optimism to liquidity reality. This 14-page Empire Capital report covers August 2026, with post-month-end analysis through 3 September 2026.

Download the complete August 2026 report (PDF, 2.8 MB)

The full report below preserves the original charts, tables, methodology, sources and limitations. Figures and interpretations are those of the supplied report.

Cover and central analytical finding

Cover and central analytical finding, page 1 of the August 2026 DSE report. Select the PDF download for selectable text and source links.
August 2026 DSE Monthly Market Analysis - page 1 of 14

Executive analysis

Executive analysis, page 2 of the August 2026 DSE report. Select the PDF download for selectable text and source links.
August 2026 DSE Monthly Market Analysis - page 2 of 14

Market performance

Market performance, page 3 of the August 2026 DSE report. Select the PDF download for selectable text and source links.
August 2026 DSE Monthly Market Analysis - page 3 of 14

Market internals

Market internals, page 4 of the August 2026 DSE report. Select the PDF download for selectable text and source links.
August 2026 DSE Monthly Market Analysis - page 4 of 14

Sector and stock dispersion

Sector and stock dispersion, page 5 of the August 2026 DSE report. Select the PDF download for selectable text and source links.
August 2026 DSE Monthly Market Analysis - page 5 of 14

Stock-level dispersion

Stock-level dispersion, page 6 of the August 2026 DSE report. Select the PDF download for selectable text and source links.
August 2026 DSE Monthly Market Analysis - page 6 of 14

Valuation, flows and earnings

Valuation, flows and earnings, page 7 of the August 2026 DSE report. Select the PDF download for selectable text and source links.
August 2026 DSE Monthly Market Analysis - page 7 of 14

Earnings and regional context

Earnings and regional context, page 8 of the August 2026 DSE report. Select the PDF download for selectable text and source links.
August 2026 DSE Monthly Market Analysis - page 8 of 14

Energy and macro transmission

Energy and macro transmission, page 9 of the August 2026 DSE report. Select the PDF download for selectable text and source links.
August 2026 DSE Monthly Market Analysis - page 9 of 14

Domestic energy, power and macro snapshot

Domestic energy, power and macro snapshot, page 10 of the August 2026 DSE report. Select the PDF download for selectable text and source links.
August 2026 DSE Monthly Market Analysis - page 10 of 14

Policy, regulation and market color

Policy, regulation and market color, page 11 of the August 2026 DSE report. Select the PDF download for selectable text and source links.
August 2026 DSE Monthly Market Analysis - page 11 of 14

Post-month-end validation

Post-month-end validation, page 12 of the August 2026 DSE report. Select the PDF download for selectable text and source links.
August 2026 DSE Monthly Market Analysis - page 12 of 14

Analytical synthesis

Analytical synthesis, page 13 of the August 2026 DSE report. Select the PDF download for selectable text and source links.
August 2026 DSE Monthly Market Analysis - page 13 of 14

Methodology, sources and limitations

Methodology, sources and limitations, page 14 of the August 2026 DSE report. Select the PDF download for selectable text and source links.
August 2026 DSE Monthly Market Analysis - page 14 of 14