DSEX fell 0.60% to 5,385.15 on 1 November, closing just 6.15 points above the critical 5,379 support level. Banks led the decline, while mutual funds, textiles and selected general insurance stocks showed resilience. Regular-board turnover increased 1.71%, but RSI slipped to 38.15 and MACD momentum weakened, keeping the market firmly in a support-test phase.
1. Executive Market Summary
The DSEX fell for a second session on Sunday, 1 November 2026, losing 32.29 points (-0.60%) to 5,385.15, its lowest close of the current series. All four DSE indices declined: DS30 -0.88%, DSES -0.45% and CDSET -0.84%. The index rose to 5,425.53 in the first hour, 0.18 points short of the 29 Oct 10-SMA (5,425.71), then fell steadily through the session to a low of 5,384.42. It closed below the 28 Oct low (5,396.29) and the 27 Oct close (5,386.54), but 6.15 points above the 14 Sep correction low (5,379.00).
Headline turnover fell 14.60% to Tk 4,821.96 mn only because the 29 Oct total included the Tk 998.50 mn UCB block. Against 29 Oct excluding that block (Tk 4,647.72 mn), turnover rose 3.75%. Regular-board value rose 1.71% to Tk 4,593.44 mn on 4.24% more trades, and blocks were 4.70% of turnover. Breadth was unchanged in ratio terms at 150 advances, 189 declines and 46 unchanged (A/D 0.79x). Mutual funds rose almost across the board (29 up, 1 down).
On the CSE, CSCX fell 0.55% to 8,911.01 and CASPI 0.61% to 14,487.95 against official 29 Oct closes, reversing the previous session's gain; all five CSE indices fell, with CSE30 weakest (−0.96%). CSE turnover rose 14.99% to Tk 206.31 mn, but 57.8% of it was block trades, led by a single CITYGENINS block of Tk 105.00 mn.
KEY OBSERVATION | Selling pressure has shifted from a one-day reversal to a renewed test of the October lows. Banks led the decline (volume-weighted −1.28%; 5 up / 14 down), with BRACBANK, CITYBANK and ISLAMIBANK lower, while Textile, mutual funds and selected general insurance counters attracted buying interest, providing pockets of resilience amid broader weakness. Momentum weakened: DSEX RSI fell to 38.15 from 41.71, and the MACD histogram narrowed to +2.31 from +3.82. The terminal sentiment gauge read 39 'Bear' (29 Oct: 37).
SCENARIO CASTING | The 1 Nov close moves the DSEX from a range watch to a support test. The downside re-test set on 29 Oct was triggered, but the breakdown condition was not. The next session (Monday, 2 November) needs to show whether 5,379.00 holds. All levels come from today's report.
- Recovery resumes: not met: The DSEX high (5,425.53) stopped 0.18 points below the 29 Oct 10-SMA (5,425.71), and the close was well below 5,433.27.
- Consolidation (base case): not met: The DSEX closed below the 5,404.87–5,433.27 range.
- Downside re-test: met: The close (5,385.15) was below 5,407.39 and 5,404.87, and also below 5,396.29 (28 Oct low).
- Breakdown: not triggered: The DSEX held above 5,379.00 (low 5,384.42), and A/D was 0.79x, above the 0.50x condition.
Table 1A: Scenarios for the next session
Scenario | Trigger | What it means |
|---|---|---|
Recovery attempt | DSEX closes above 5,404.39 (5-SMA) and 5,404.87, with A/D above 1.00x | Back inside the October range; 5,421.30 (10-SMA) and 5,425.53 come next |
Support holds (base case) | DSEX holds 5,379.00–5,404.39, A/D 0.60–1.00x, regular-board turnover Tk 4,000–4,800 mn | A base forms at the 14 Sep low |
Breakdown | Close below 5,379.00 with A/D below 0.50x | First close below the 14 Sep correction low; the October base fails, with 5,363.93 (28 Oct lower Bollinger Band) the next reference |
Hig… |
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