Dhaka Stocks Wednesday continued rally for the second consecutive session amid fresh fund injection by new and regular investors, market insiders said.
They said investors are seeing opportunity of making profits in the capital markets as deposit rates declined in other banks and financial institutions.
At the end of the day's trading session, the DSE broad index DSEX posted a gain of 1.55 per cent or 78.96 points to close at 5153.26 points.
The DSE 30 index (DS30) also rose 1.25 per cent or 24.69 points to close at 1985.57 points, whereas the DSEX Shariah index (DSES) also went up by 1.55 per cent or 18.60 points to close at 1214.12 points.
Out of 302 traded issues, 229 advanced, 52 declined and the remaining 21 remained unchanged.
The turnover value stood at above TK 9.77 billion which was 11.14 up than the turnover value observed in previous trading session.
On Wednesday, Chittagong Stock Exchange (CSE) also observed a sharp rise in its benchmark index CASPI.
On the day, the CASPI rose 279.91 points to close at 15902.75 pints. And among 229 traded issues, 174 advanced, 37 declined and remaining 18 remained unchanged.
On the other hand, turnover in foreign portfolios rose 137.22 per cent to close at above Tk 7.52 billion in September, 2014.
The officials of the Dhaka Stock Exchange said the significant rise in foreign portfolios indicates that foreign investors are seeing the opportunity of long term investment in the country's stock markets.
Md. Moniruzzaman, the managing director of the IDLC Investments, said every houses involved with share trading are observing fresh funds every day.
"Deposit rates dropped to around 8.0 to 10 per cent from previous rates of 12 to 13 per cent. As a result, participations by fresh and regular investors are increasing in daily trading triggering the turnover value," Moniruzzaman said.
The chief executive officer (CEO) of a leading merchant bank said on the condition of anonymity that many of their clients who earlier were in troublesome situation have overcome half of difficulties due to uprising market trend.
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