The prime index of Dhaka Stock Exchange - DSEX registered a sharp rise Thursday, hitting the highest level since its inception in January, 2013, as the market was on a steady gaining streak for the third day.
The DSE Broad Index (DSEX) was introduced on the premier bourse on January 28, 2013 with a base of 4,055.09 points, replacing the DSE General Index (DGEN), which contained inflated points due to previously faulty calculation method.
The market started on a flying note shrugging-off the countrywide shutdown and remained vibrant throughout the session amid strong buying pressure from all segments of investors.
DSEX, the prime index of the DSE jumped 67.79 points or 1.41 per cent to close at 4,866.19 points which was the highest level of DSEX since its inception on January 28, 2013.
However, before inception of DSEX, the highest ever level of DSE key index -- DGEN was 8,918.51 points reordered on December 5, 2010. DSE turnover was also highest ever of Tk 32.49 billion on that day.
Along with index, turnover value on DSE also crossed Tk 12.0 billion mark reaching Tk 12.88 billion, registering an increase of 33.33 per cent over the previous session's value. It is the fourteen and a half months' highest turnover since Tk 12.94 billion on July 7, 2013.
Market insiders attributed the current market trend to investors' growing confidence and fresh investment in the stock market.
"The low bank interest rate on deposit might be another reason for increased fresh fund flow in the capital market," said an analyst.
"The market made another bullish move closing the index at historic high on the day of countrywide strike enforced by Bangladesh Jamaat-e-islami," said LankaBangla Securities.
The market pared losses on financials and manufacturing stocks those have been consolidating for a long period. Bank and non-banking financial institutions spurred the day's buying spree, said the stockbroker.
"Multinational companies faced certain degree of volatility as the investors were active on both fences of trading,' said the stockbroker.
"With the expectation of reversing last several years' faded tone, the market continued moving ahead," said IDLC Investments.
Ignoring the country-wide strike, the bourse ended green with investors' stronger participation. Since, market positivity sustained for the last two months, confidence condensed amid clienteles, said the merchant bank.
"Investors from all segments were returning to the market and assisted total turnover to record Tk 12.88 billion. This bulk amount of activity remained concentrated on few stocks of pharmaceuticals, food and allied, engineering and power sectors," said the merchant bank.
International leasing securities said, "The investors' highly bullish sentiment pushed the market's scenario to another level. Most of the issues across the board enjoyed gains".
"It's hardly surprising that with confidence getting restored, investors have bought back into risky asset classes such as the heavyweight banks and non-banking financial institutions stocks, thus lifting the index," said Sheltech Brokerage.
Declining interest rate environment continued to play in the minds of investors, who were quick to shift focus on interest sensitive securities which were relatively weak in the recent rally, said the stock broker.
Zenith Investments said: "Market blasted its way higher making new records every day, as the volume has crossed Tk. 12.88 billion. Even the strike could not dampen the spirit of the investors as they participated in the market in full- fledged way and kept on buying in massive volume".
DSEX index hits highest level since its inception
FE Report | Published: September 19, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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