The stocks continued to rally for the fourth consecutive session yesterday with turnover crossing Tk800 crore for the first time in more than seven months.
The rally was led by the sectors including multinational companies, power, telecommunications, pharmaceuticals, cement and textile issues.
Dhaka Stock Exchange benchmark index DSEX gained almost 38 points or 0.9% to 4,713, which is the highest in last six and half months.
Shariah Index DSES was up 11 points or over 1% to 1,112. The comprising blue chips DS30 gained 28 points or 1.5% to 1,814.
Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, ended at 8,809 with a rise of 51 points.
The turnover at the DSE stood at Tk840 crore, which was 22.2% higher than that of the previous session and the highest since January 30 this year.
The financial sectors especially banks and non-banking financial institutions appeared with poor performance with shares edging down.
The other major sectors closed in green with life insurance moved up highest by 7.3%.
IT came second with a rally of 4.5% followed by cement 3.9%, engineering 2.4% and tannery 1.6%.
Power also soared 1.37%, led by Mobil Jamuna Ltd (MJL) Bangladesh that surged over 7% and Linde Bangladesh 6.8%.
Food and allied, telecommunication and pharmaceuticals also closed in positive territory.
The market breadth remained widely positive as out of 301 issues traded, 125 advanced, 147 declined and 29 remained unchanged.
Lanka Bangla Securities said market registered over 37 points, one of the very high single-day gains, closing above the resistance level of 4700, as investors reassessed some stock values higher.
Investors seemed to be active on both selling and buying side making the putting breadth on strong point, it said. It said pharma and cement stocks saw vast buying interest among the investors.
IDLC Investments said investors’ confidence as well as injection of fresh funds continued the market momentum for the fourth consecutive session.
Engineering and fuel and power together made up the 5%, the highest, of the total DSE turnover.
MJL topped the turnover’s chart with over Tk76 crore changing hands, followed by BSRM Steel, Lafarge Surma Cement, ACI Ltd, Beximco Ltd and Delta Life Insurance.
