Stocks rebounded on Sunday with all three indices soaring more than 1.0 per cent each, powered by investors' buying spree on large-cap shares.
Analysts said the market registered a sharp gain, snapping a recent bearish trend, driven by rally in large-cap shares, particularly heavyweight Grameenphone (GP).
GP, which is the largest company by capital, soared further by 7.52 per cent, contributing more than 53 points of the index's rise alone on Sunday, an analyst estimated.
He noted that the heavyweight GP added 110 points in the past two straight sessions upon positive developments on its audit claim.
The government and top mobile phone operator have reached a consensus over settling the long disputed audit claims amicably which made investors optimistic, he added.
Earlier, GP share price plunged more than 30 per cent in the past six months after the telecom regulator declared GP to be a significant market power.
The telecom regulator also threatened to cancel the licence of the largest listed company over unpaid audit claims of more than Tk 125.79 billion.
However, turnover, a crucial indicator of the market, fell to Tk 3.04 billion on Sunday, which was 21 per cent lower than the previous day's Tk 3.95 billion.
It was also the lowest turnover more than two months since July 16, when turnover recorded Tk 2.71 billion.
Meanwhile, the central bank has announced a policy for providing temporary liquidity support to the scheduled banks for boosting investment in the ailing capital market.
Under the new policy, the banks are eligible to invest such liquidity to its own portfolios or its subsidiary's portfolios as loan, according to a notification, issued by the Bangladesh Bank (BB) on Sunday.
The market started on a flying note and remained vibrant throughout the session amid strong buying pressure from the investors.
At the end of the session, DSEX, the prime index of the DSE, went up by 64.98 points or 1.33 per cent to settle at 4,920, after losing 104 points in the past three consecutive sessions.
Two other indices also ended higher. The DS30 index, comprising blue chips, advanced 30.59 points to finish at 1,768 and the DSE Shariah Index rose 26.97 points to close at 1,150.
The prime index climbed 65 points riding on GP, Square Pharmaceuticals and JMI Syringes, said Sheltech Brokerage.
A leading broker said lucratively priced fundamentally sound stocks attracted bargain hunters as their price came down to significant low.
However, he said most of the investors remained cautious reflecting low trading activities as turnover fell to more than two months low.
According to EBL Securities, investors' confidence is yet to recover due to recent market volatility as participation remained low.
International Leasing Securities said buoyancy on lucrative price levels in most of the sectors, particularly from telecom, pharma, food, power and engineering sectors helped the prime index to close higher.
Telecommunication booked the highest gain of 7.30 per cent, followed by pharmaceuticals with 2.58 per cent, food 1.93 per cent, engineering 0.76 per cent, power 0.52 per cent and financial institutions 0.23 per cent.
Only banking sectors suffered a 0.10 per cent loss.
Gainers took a strong lead over the losers as out of 351 issues traded, 185 closed higher, 106 ended lower and 60 remained unchanged on the DSE trading floor.
A total number of 97,379 trades were executed in the day's trading session with trading volume of 66.61 million shares and mutual fund units.
The market-cap of the DSE also rose to Tk 3,749 billion on Sunday, from Tk 3,689 billion in the previous session.
The GP topped the turnover chart with shares worth more than Tk 386 million changing hands, followed by Monno Jute Stafflers, JMI Syringes, National Tubes and Fortune Shoes.
JMI Syringes was the day's best performer, posting a gain of 10.85 per cent following its corporate declaration while Emerald Oil Industries was the day's worst loser, plunging by 9.52 per cent.
The port city's bourse, the Chittagong Stock Exchange, also ended higher with its All Shares Price Index (CAPSI) -- CASPI-soaring 185 points to close at 14,946 and the Selective Categories Index - CSCX - rising 115 points to finish at 9,076.
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