Dhaka stocks rise 1.97% after one-and-a-half years

Stock market index jumped by over 100 points today within two hours of the day's trading.

With the surge, the index touched one and a half years' high points today.

DSEX, the benchmark index of the Dhaka Stock Exchange, surged by 102 points, or 1.97 percent, to stand at 5,321.29 at 12:00pm which is highest since July 7 last year.

The turnover during the two hours of the bourse's trading stood at Tk 841 crore.

Participation from the institutional investors has been rising in the market in the last few days which fueled the stock market to rise, a stock broker wishing not to be named said.

Investors hoped that the world economy along with local economy will rebound soon so their participation has been rising, he added.

Among 360 companies that are being traded, 235 advanced, 56 declined and 69 remained unchanged.