Dhaka, Bangladesh (BBN)– All indices of Dhaka stock exchange scaled new heights and turnover set a new mark on Sunday, market operators said.

The market made a flying start in the morning as the DSE General Index (DGEN) – the market barometer — hit 8,965 in mid trading session before losing steam to finish 0.91 per cent or 80.41 points up at 8918.51 – a new record.

The broader DSE All Shares Price Index (DSI) gained 0.79 per cent or 58.03 points to a record 7,383.94. The DSE-20 blue chip index sharply rose by 2.76 per cent or 145.65 points to reach 5,429.29.

The market operators said over-enthusiastic retail investors have shoveled in fresh funds into the market to steer its benchmark index closer to 9,000, defying warning the market is “dangerously overbought” and could plunge any moment.
On Sunday’s turnover value was BDT 32.5 billion, slightly higher than the previous high of BDT 32.1 billion set on October 31 this year.

Banking sector contributed more than 45 percent of the total turnover value while appreciating 2.64 percent. General Insurance and Life Insurance were the other big gainers while Telecommunication, Pharmaceutical and Power went down.

BBN/SI/AD-06Dec10-10:50 am (BST)