Price hike of large-cap businesses caused the indices to rise, say market participators
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), has crossed the 7,000 points milestone for the first time since it was launched in 2013.
The index jumped by 0.88% to reach 7,042 points during the first 20 minutes of the session opening on Sunday.
Following the upward trend, at 12:30pm, the index was at 7,057 points, 1.09% higher than the previous session when it ended at 6,981.06 points.
On May 30, the DSEX crossed 6,000 points and it took just three months to add another 1,000 points.
Among the other two indices, the DSES or Shariah index rose by 19.54 points to 1,528 points while the DS30 index was up 35 points to 2,532 points at 12:30pm on Sunday.
The price hike of large-cap businesses, according to certain brokerage firm officials, has assisted the upward movement of the indices.
The securities regulator had previously increased the margin lending facility by 80% against Tk100 up to 8,000 points in order to level out liquidity support.