Dhaka stocks soared to a new height Sunday as the investors snapped up financials in droves ahead of the Eid-ul-Azha festival in anticipation of year-end good returns, dealers said.
The benchmark DSE General Index (DGEN) added 58.33 points or 1.40 per cent to close at 4203.08, its highest ever mark since
Tuesday when it ended at 4149.82.
Other indices also made new marks with the broader All Shares Price Index (DSI) gaining 51.44 points or 1.49 per cent to 3487.80 while DSE-20 Index (DS20) comprising blue chips finishing at 2402.59, up 38.04 points or 1.60 per cent.
Analysts said investors banked on financials and general insurers amid growing optimism about the health of the country's banking system and the insurance industry.
The banking sector alone gained 3.48 per cent as a number of banks rose more than five per cent each including City Bank which spiked 13.88 per cent and Pubali Bank which grew 10.37 per cent. The two were the day's leading gainers.
"Rally by banking issues led the market to a record high," said Abdul Awal, managing director of the Multi Securities and Investment Ltd.
Financials continued to shine as investors renewed faith in the banking companies ahead of their year-end account closing, he said.
Another analyst said most of the banking issues - the bellwether of the DSE --- have been trading below expectations for long, which made them attractive to investors in recent days.
Grameenphone, which now accounts for more than 12 per cent of the market, rose 1.03 per cent to close at Tk 165.70. Its transaction, however, dropped sharply to 12th position.
Investors traded in high spirits before the next week's four-day Eid-ul-Azha holiday, boosting total turnover to Tk 9.44 billion, up 9.51 per cent over the previous session.
The market was skewed towards gainers as out of 236 issues traded, 178 gained, 63 ended into negative and five remained unchanged.
Social Investment Bank Ltd (SIBL) was the top turnover leader for the second straight session with shares worth Tk 406.44 million changing hands.
The benchmark DSE General Index (DGEN) added 58.33 points or 1.40 per cent to close at 4203.08, its highest ever mark since
Tuesday when it ended at 4149.82.
Other indices also made new marks with the broader All Shares Price Index (DSI) gaining 51.44 points or 1.49 per cent to 3487.80 while DSE-20 Index (DS20) comprising blue chips finishing at 2402.59, up 38.04 points or 1.60 per cent.
Analysts said investors banked on financials and general insurers amid growing optimism about the health of the country's banking system and the insurance industry.
The banking sector alone gained 3.48 per cent as a number of banks rose more than five per cent each including City Bank which spiked 13.88 per cent and Pubali Bank which grew 10.37 per cent. The two were the day's leading gainers.
"Rally by banking issues led the market to a record high," said Abdul Awal, managing director of the Multi Securities and Investment Ltd.
Financials continued to shine as investors renewed faith in the banking companies ahead of their year-end account closing, he said.
Another analyst said most of the banking issues - the bellwether of the DSE --- have been trading below expectations for long, which made them attractive to investors in recent days.
Grameenphone, which now accounts for more than 12 per cent of the market, rose 1.03 per cent to close at Tk 165.70. Its transaction, however, dropped sharply to 12th position.
Investors traded in high spirits before the next week's four-day Eid-ul-Azha holiday, boosting total turnover to Tk 9.44 billion, up 9.51 per cent over the previous session.
The market was skewed towards gainers as out of 236 issues traded, 178 gained, 63 ended into negative and five remained unchanged.
Social Investment Bank Ltd (SIBL) was the top turnover leader for the second straight session with shares worth Tk 406.44 million changing hands.
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