On November 13, 1996, the DSE turnover hit Tk 106 crore.

"This is the result of an end to the deadlock over the election," Salahuddin Ahmed Khan, chief executive officer of DSE, said, adding that investors were in upbeat mood as the political tension has eased.

He also referred to the rally of blue chips of financial and power sector companies. "During the last of couple of months, the market witnessed an upward trend when there had been hopes for the positive developments on the political front. On the contrary, the market saw a downtrend when political tension had escalated," he added.

Market analysts said institutional investors such as banks and other financial institutions, which play important role in keeping the market vibrant, were very much interested in investing in the market yesterday.

"It was expected. The investors got their confidence back to put money on the securities," said Moin Al Kashem, senior vice-president (merchant banking) of Prime Finance and Investment Limited.

Another high official of a DSE broker said the investors welcomed the state of emergency as they thronged the market. The investors now see positive signs in the country's bickering politics, he added.

He, however, said prices of some shares increased irrationally. "But, I hope the prices will get corrected in the coming days," he added.

Along with the turnover, the indices also rose sharply. The DSE General Index rose by 74.94 points or 4.73 percent to close at 1656.93 points while the DSE All Share Price Index increased by 57.84 points or 4.44 percent to close at 1359.20 points yesterday.

Besides, DSE-20 Index, comprising blue chips, was also up by 58.40 points, or 4.17 percent, to close at 1456.04 points.

A total of 21,787,126 shares of 192 issues worth Tk 92.33 crore changed hands on the DSE. Of the issues traded, 177 gained, only five suffered losses and ten remained unchanged.

Power Grid Company of Bangladesh (PGCB), the state-owned power company, topped the turnover leaders followed by Southeast Bank, Prime Bank, Exim Bank and The City Bank.

The PGCB topped the list with 412,650 shares worth Tk 10.78 crore.

Like DSE, trading on the Chittagong Stock Exchange (CSE) also closed higher yesterday with gainers dominating losers.

The CSE All Share Price Index increased by 3.75 percent to close at 3815.24 points while the CSE-30 Index shot up by 4.02 percent to close at 3451.53 points.

CSE Selective Categories Index also went up by 4.03 percent to close at 2498.21 points.

A total of 83 issues were traded yesterday. Of them, 78 gained, three declined and two remained unchanged. A total of 6,312,454 shares worth Tk 21.39 crore changed hands on the bourse.