The market capitalisation of the Dhaka Stock Exchange (DSE) crossed Tk 5.0 trillion on Thursday, hitting an all-time high following the price appreciation witnessed by the majority number of listed securities.
On the day, the market capitalisation of the premier bourse stood at Tk 5.01 trillion, registering a rise of 2.32 per cent or Tk 113.93 billion, compared to the previous session.
Following investors’ increased participation, the DSE broad index, DSEX, saw another sharp rise, exceeding the 5,900-point mark, as the securities regulator deferred the effectiveness of its directive regarding the probe into market manipulation and abnormal rise in share price and trade volumes.
On Tuesday, the Bangladesh Securities and Exchange Commission (BSEC) issued the directive to investigate the reasons behind the ‘abnormal’ rises in share prices, trade volumes, and earnings per share of listed companies in recent days.
It, however, deferred the directive the next day following a fall of 91 points in the broad index of the DSE.
On Thursday, the DSEX advanced 2.41 per cent or 139.31 points to close at 5909.31 points, the highest level since January 30, 2019.
Two other sub-indices also climbed higher. The Shariah-based index, DSES, and the DS30 index advanced 1.68 per cent and 3.56 per cent respectively.
Of the major sectors, telecommunications, financial institution, and fuel & power contributed the most to the sharp rise in market capitalisation and the broad index.
These sectors witnessed a return ranging from 3.6 per cent to 4.8 per cent in market capitalisation.
Of the market movers, Beximco and Beximco Pharmaceuticals topped the turnover chart, followed by Robi Axiata and Summit Power.
The companies of the power sector dominated the chart of top gainers on the DSE on Thursday.
Of 362 issues traded on the DSE, 159 advanced, 133 declined and 70 remained unchanged. The share prices of 40 companies advanced ranging from 4.0 per cent to 10 per cent on Thursday.
At the end of the session, the premier bourse posted a turnover of Tk 20.71 billion, 1.78 per cent down from the turnover of the previous session.