The Dhaka Stock Exchange (DSE) turnover has crossed Tk800 crore-mark after seven months, spurred by fresh fund injection.
Strong buying binge also pushed up the stocks for the third consecutive session with all indices gaining more than 1% each.
The DSE benchmark index, DSEX, soared almost 52 points or 1.2% to 4,459.
The Shariah Index DSES was up 14 points or 1.4% to 1,083. The comprising blue chips DS30 closed at 1,686, rising 20 points or 1.3% to 1,686.
Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, rose 100 points to 8,404.
Factors like recent subdued political impasse and declining interest rate have promoted investors to pour funds on stocks, leading to higher turnover, dealers say.
The DSE turnover recorded Tk800 crore, highest since October 16 last year and more than 7% higher over the previous session.
All the large cap sectors continued to move up with non-banking financial institutions leading the rally. The sector surged 4.5%.
After sharp rise in the previous session, banks gained 1.4%, followed by telecommunication and food and allied, and power around 1% each.
IDLC Investments said investors continued investing in the equity market hoping for recovery of stock prices. “The fund seemed to be diverted from the money market to the capital market as return from fixed income instruments fell and equity became cheaper.”
Lanka Bangla Securities said DSEX have extended winning streak into the third session as bullish stance in capital market has lured more buyers with fresh fund.
A total of 310 issues traded on the day. Of which, 203 closed in green, 74 in red and 33 remained unchanged.
United Power Generation and Distribution Company Limited topped the liquidity chart with a turnover of more than Tk38 crore. It was followed by Khulna Power Company Limited, Bangladesh Submarine Cable Company Limited and RAK Ceramic.
