Stocks extended rally for the fourth session in a row yesterday with the benchmark index DSEX continuing to break its all time peak.
The rally was led by mainly financial and telecommunication issues that attracted investors most.
The Dhaka Stock Exchange benchmark index, DSEX, rose 47 points to 4,913, which is its best from the previous session when it hit all-time high since February 9 this year.
The Shariah index, DSES, gained 6 points to 1,154. The comprising blue chips DS30 closed at 1,900 with a marginal rise of 1 point.
Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, surged 137 points to 9,218.
The DSE turnover also continued to remain robust as it stood at Tk981 crore, which was 23.8% lower than the previous session’s 14-month high.
The heavyweight banks and non-banking financial institutions spiked with 1.2% and 1.6% respectively. Telecommunication was the day’s biggest gaining sector that soared more than 3%.
Pharmaceuticals, engineering and food and allied are the only two major sectors which edged down. Cement performed worst slumping 3%.
IDLC Investments said market continued to experience bull-run amid strong participation by the investors.
Despite the nation-wide strike called by one of the political parties, investors remained active, reflecting their conviction that overall economic growth will remain intact, it said.
Lanka Bangla Securities said following some intermittent correction and consolidation market is footing in new resistance level while most of the stocks rallied as market sentiment remained bullish.
Zenith Investments said market firmly stood in its position as the winds of political turmoil failed to bend the index even for a split moment.
Almost all the sectors roared with volume and significant price difference, except a few large cap scrips which came under profit taking pressure, it said.
Beximco Ltd was the most traded stocks with shares worth Tk60 crore changing hands, followed by Beximco Pharmaceuticals, BSRM Steel, Grameenphone, Mobil Jamuna Limited, Summit Power and Lafarge Surma Cement Ltd Bangladesh.
