Dhaka bourse on Sunday continued its sharp rising trend both in turnover and indices amid investors' expectation on 'stable' political situation.
The market operators said increased turnover value indicates that investors are taking position in listed securities.
The DSEX, the broad index of Dhaka Stock Exchange (DSE), posted the highest single day gain on Sunday after eight months as all major sectors played a positive role.
The market opened with an upward trend from the beginning of the session and witnessed a slight downturn in the first hour.
Soon later, the DSEX rebounded and continued a steady upward trend that continued till closure.
At the end of the session, the DSEX crossed 5600-point mark and settled at 5687 points with a rise of 1.72 per cent or 96.53 points.
Following investors' increased participation, the turnover value also crossed Tk 3.0 billion within one hour of Sunday's session with an indication of exhibiting a good turnover at the end of the session.
Shahidul Islam, chief executive officer at VIPB Asset Management Company, the market was in a correction mood for a long time.
"After the national election, investors' expectation regarding stable political situation has started to be visible through turnover value," Islam said.
The upward shift in broad index was mainly driven by significant positive changes in all of the listed sectors except life insurance.
On the previous session, the DSEX advanced 1.71 per cent and settled at 94.03 points hitting nine-month high since April 1, 2018. The DSEX posted a gain of 150 points in April 1, 2018.
The shariah based index DSES advanced 1.88 per cent or 23.98 points to close at 1295.34 points.
The DS30 index comprising blue chip securities closed at 1974.09 points with a rise of 1.65 per cent or 32.10 points.
"The massive buy pressure was observed since the opening of the session in large cap sectors especially bank, telecom and pharma sectors stocks, which sustained for the whole session," according a market review of International Leasing Securities.
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