Business Desk :
Stocks extended their rally for the fifth straight session on Monday with all three indices and market-cap hitting new highs as buoyant investors continued on buying spree riding on regulatory measures.
After witnessing some profit booking initially, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went up 22.67 points or 0.32 per cent to settle at more than 7,075 – the highest since its inception nearly nine years back on January 27, 2013.
Two other indices–the DSE 30 Index and the DSE Shariah Index (DSES) — followed the suit to close at their new highs of 2,546 and 1,536, after gaining 12.64 points and 7.38 points respectively.
Turnover, a crucial indicator of the market, crossed Tk 29 billion-mark after two weeks and amounted to Tk 29.01 billion on the country’s premier bourse, in a further buck-up by 1.15 per cent over previous day’s tally of Tk 28.68 billion.
The market capitalisation of the prime bourse also hit a fresh all-time high at Tk 5.718 trillion on Monday, surpassing the previous day’s record high of Tk 5.692 trillion. Experts said the market remained bullish as the investors are more confident and buoyant amid the regulatory measures, lower returns on the money market coupled with excess liquidity in the financial market.
