The benchmark equity index posted a sharp gain for the second week in a row, as buoyant investors put money into large-cap stocks amid growing confidence in the market.
Floor price removal and favourable earnings disclosure for the recently ended quarter boosted the investor sentiment, market operators said.
The rise of the market index was mostly driven by large-cap stocks such as Beximco Pharma, Beacon Pharma, IFIC Bank, AB Bank, South East Bank, and Brac Bank.
This week, all five trading days closed higher with growing participation of investors and buying spree continued across the trading board.
The benchmark DSEX index of the Dhaka Stock Exchange (DSE) settled the week 159.36 points or 2.56 per cent higher at 6,373, the highest in 15-month. The DSEX added 216 points in the two straight weeks.
Stock extended its bullish momentum for two consecutive weeks, crossing the psychological threshold of 6,300-mark, as optimistic investors continued their chase for sector-wise stocks, said EBL Securities.
"The investors are putting fresh bets on stocks which they deemed lucrative following the major correction after the withdrawal of floor price, owing to favorable earnings disclosure for the recently ended quarter," said the stockbroker.
The total turnover of the week also soared to Tk 84.75 billion this week, up from Tk 45.85 billion in the week before, as all five trading days of this week saw more than Tk 15 billion turnover each.
Accordingly, the average daily turnover jumped to Tk 16.95 billion, which was 85 per cent higher than the previous week's average of Tk 9.17 billion.
Two other indices also ended higher. The DS30 Index, which consists of blue-chip companies, gained 21 points to 2,138 while the DSES index, which represents Shariah-based companies, rose 24 points to 1,387.
Majority of the stocks saw price appreciation, as out of 396 issues traded, 340 closed higher, 38 ended lower and 18 remained unchanged on the DSE trading floor.
The engineering sector dominated the weekly turnover chart, accounting for more than 16 per cent of the week's total trade, followed by pharmaceuticals (14 per cent) and textile (11 per cent).
Orion Infusion became the most-traded stock with shares worth Tk 2.48 billion changing hands. It was followed by Fu-Wang Ceramic, BD Thai Aluminum, Khulna Printing and Packaging and Central Pharma.
The newly listed Sikder Insurance was the week's top gainer, soaring 60.10 per cent, while Renata was the worst loser, shedding 12.10 per cent.
The Chittagong Stock Exchange (CSE) also ended higher with its All Share Price Index (CASPI) rising 670 points to settle at 18,296 and the Selective Categories Index (CSCX) soaring 396 points to close at 10,951.
The port city bourse traded 59.09 million shares and mutual fund units with a turnover of Tk 1.27 billion.
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