Stocks kept the gaining streak for eleven straight weeks as investors continued their buying spree buoyed by the regulatory moves to restore discipline in the capital market.
Week-on-week, DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 54.65 points or 1.12 per cent to settle the week at 11-month high at 4,927. It was the highest level of DSEX since October 6, last year.
The DSEX surged a cumulative 967 points or 24 per cent in the past 11 consecutive weeks. The DSE market-cap also added Tk 621 billion during the period under review.
Market operators said active participation of the high net worth individuals due to lower returns on the money market, signs of economic recovery and strong regulatory actions against wrongdoers prompted the investors to inject fresh funds into the market.
The stock market regulator has taken a number of initiatives including restructuring the boards of 'Z' category companies for bringing positive changes in their operations, changed the definition of 'Z' category to ensure accountability of the companies and reduced the trading cycle to T+3 from T+9.
Twelve 'Z' category companies were upgraded during the week after changing definition of 'Z' category as the securities regulator took major steps to bring the underperforming companies back to the track.
The securities regulator also asked 22 'Z' category companies, out of 42, to submit proposals with appropriate business plans for improving operational and financial performances to exit the junk category.
The Bangladesh Securities and Exchange Commission has warned to take actions against the rumour-mongers under the Digital Security Act.
The Chittagong Stock Exchange (CSE) also kept rising with the CSE All Share Price Index - CASPI -gaining 193 points to settle at 14,066 and the Selective Categories Index - CSCX advancing 98 points to close at 8,482.
Of the issues traded, 168 gained, 102 declined and 38 remained unchanged on the CSE.
The port city's bourse traded 51.86 million shares and mutual fund units with turnover value of Tk 1.15 billion during the week.
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