Stocks kept the gaining streak for the ninth straight week as buoyant investors continued their appetite on large-cap issues riding on the regulator's recent steps to ensure accountability of the market stakeholders.
Week-on-week, DSEX, the key index of the Dhaka Stock Exchange, went up by 90.75 points or 1.93 per cent to settle the week at 4,794.
The DSE core index added a cumulative 833 points in the past nine consecutive weeks.
Investors and stockbrokers were facing troubles in the last couple of days of the week in executing trading orders due to maintenance and up-gradation of the DSE new website, otherwise the gain would have been much more, said a leading broker.
Market analysts said the enthusiastic investors put fresh stakes on large-cap stocks during the week amid growing confidence in the market riding on regulatory moves to restore discipline in the country's capital market.
Lower returns on the money market, lucrative price level of securities, strong regulatory actions against wrongdoers and expansionary monetary policy helped buoy the market, said a merchant banker.
He noted that the high net worth investors are injecting fresh funds into the market in the past few weeks targeting capital gains as returns from the money market have declined significantly.
The securities regulator's recent strict stance on ensuring mandatory 2.0 per cent shareholding by each director and jointly 30 per cent shareholding had also a positive impact on the stock prices, he said.
International Leasing Securities said spontaneous participation backed by growing confidence tempted the sideline investors to inject fresh fund on stocks.
The stockbroker noted that daily average turnover of the week has been staying above Tk 11 billion-mark for the last two straight weeks which was the highest since September 2017 as the bargain hunters continued injecting fresh funds into the market riding on new hopes.
The week featured five trading days as usual. Of them, three sessions closed higher while two faced correction.
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