Core index of the premier bourse Wednesday rose to its highest level since the inception in January, 2013.
Stocks extended the winning streak for the three consecutive sessions on the day.
Analysts said the market maintained the upturn and the rally took the key index to a new high thanks mainly to the continuous shining of sector specific large-cap issues.
"The market sustained large-cap driven gaining momentum as the issues continued to jack the investors' sentiment up, taking the prime index of the premier bourse to new high," said an analyst at a leading brokerage firm.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), which replaced the DGEN in four-and-a-half-year back, added 22.15 points or 0.38 per cent to settle at a new high of 5,783 points, surpassing the previous high of 5,777 points recorded on April 4 this year.
The country's prime bourse launched the DSE Broad Index (DSEX) on January 27, 2013 with a base point of 4,055.90, replacing the DSE General Index (DGEN).
In the past four-and-a-half years since its inception, DSEX added nearly 1,727 points, while it added 320 points within 10 trading sessions.
However, DGEN, the then key index of the DSE, rose to an all-time high at 8918.51 points on December 5, 2010, when the market was bullish before crash.
In unison with prime index, the total market capitalisation of the DSE also reached to a fresh all-time high of Tk 3,883 billion on the day, surpassing the previous high of Tk 3,875 billion recorded on Tuesday.
After four hours trading, DSEX went up by 22.15 points or 0.38 per cent to reach fresh high of 5,782.6, the highest level since its introduction on January 27, 2013,
International Leasing Securities said, "Spontaneous participation backed by optimism coupled with persistent upbeat market trend tempted the sideline investors to inject fresh fund on stocks".
The stockbroker noted that decline in bank interest rate and possible cut in savings certificate rate turned the market more attractive for the investors.
"Buying spree in several issues mostly from miscellaneous, fuel & power, bank and food & allied sectors surged the prime index of DSE, which was in the highest point since the inception," said the stockbroker.
The two other indices also maintained the positive trend. The DS30 index, comprising blue chips, advanced 6.34 points or 0.30 per cent to close at 2,120.77. The DSE Shariah Index (DSES) gained 3.46 points or 0.26 per cent to stand at 1,317.61.
The turnover, an important indicator of the market, stood at Tk 11.65 billion on the country's premier bourse, which was 4.82 per cent lower than the previous day's mark of Tk 12.24 billion.
Textile sector kept its dominance in turnover chart for the six running sessions, capturing 17 per cent of the day's total transaction, followed by bank with 14 per cent and pharmaceuticals 12 per cent.
IDLC Investment, a leading merchant bank, said, "Positive sentiment prevailed which lifted up the overall market".
The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index - CSCX - advancing 30 points to settle at 10,825.
Gainers beat losers as 126 issues closed higher, 101 closed lower and 29 remained unchanged on the CSE.
The port city bourse traded 24.56 million shares and mutual fund units' worth Tk 694 million in turnover.
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Source: The Financial Express