Stocks extended the winning streak for third straight session on Sunday as optimistic investors continued their buying binge buoyed by investors' optimism amid gradual economic rebound.
DSEX, the prime index of the DSE, went up by 20.74 points or 0.42 per cent to settle at 4,948, the highest in 11 months since October 1, 2019.
Market operators said lower returns on the money market, gradual economic recovery and strong regulatory actions against wrongdoers continued to attract investors to put fresh funds on stocks.
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.
Following such regulatory moves, the enthusiastic investors continued to show their buying appetite on sector-wise stocks amid growing confidence on the market, said a merchant banker.
The DS30 index, comprising blue chips, also advanced 1.42 points to finish at 1,716. However, the DSE Shariah Index saw a fractional loss of 0.78 point to close at 1,141.
Turnover, a crucial indicator of the market, stood at Tk 10.94 billion on the country's premier bourse, which was 6.0 per cent lower than the previous day's turnover of Tk 10.94 billion.
The Chittagong Stock Exchange also edged higher with its All Shares Price Index (CASPI)-gaining 47 points to close at 14,113 and the Selective Categories Index - CSCX advancing 26 points to close at 8,508.
Of the issues traded, 142 gained, 93 declined and 27 remained unchanged on the CSE.
[email protected]
