Dhaka, Bangladesh (BBN)– Dhaka stocks witnessed a rise on Sunday with the benchmark index crossing 7200-mark for the first time and turnover also setting a new high, market operators said.

The benchmark Dhaka Stock Exchange General Index (DGEN) shot up by 1.77 percent or 126.10 points to close at 7223.48, which was a fresh high.

With Sunday’s rally, the market rose for the seven straight sessions in a row, driven by liquidity, they said, added that the current booming market has attracted the investors, making the market overvalued further.

Trading activity also got momentum as turnover soared to an all time high to clock at BDT 24.90 billion. The previous all time high was BDT 24.86 billion set on June 16 this year.

Gainers thrashed losers as out of 244 issues traded, 160 closed positive, 77 declined and seven remained unchanged.

“General Insurance was the top gainer (+7.31 percent) – ten companies out of 34 advanced more than 10 percent while another fourteen gained more than 5 percent. BSRM Steel topped the turnover chart with BDT 1.1 billion worth of turnover,” a market report said.

BBN/SSR/ANS-03Oct10-11:37 pm (BST)