Besides, the turnover on the premier bourse reached Tk 90 crore, the second highest in the last ten years, yesterday. Earlier on January 14, the DSE turnover hit Tk 92.33 crore, the highest after 1996's bubble and bust.

The investors are cheering on the hopes that there has been an end to confrontational politics, officials and market operators said.

"Not only the individual investors but also the institutional investors got their confidence back to put their money on the securities," said an official of a DSE broker.

He also said the investors are thronging the market as they see positive signs in the country's bickering politics following declaration of a state of emergency as well as formation of a new interim government.

The DSE All Share Price Index rose by 22.04 points or 1.62 percent to close at 1376.99 points while the DSE General Index increased by 31.20 points or 1.87 percent finishing at 1691.73 points.

Besides, DSE-20 Index, comprising blue chips, also went up by 40.24 points, or 2.75 percent, to close at 1501.10 points.

A total of 18,121,769 shares of 198 issues worth Tk 90.03 crore changed hands on the DSE. Of the issues traded, 145 gained, 38 suffered losses and 15 remained unchanged.

Dhaka Electric Supply Company of Bangladesh (Desco), the state-owned power company, topped the turnover leaders followed by Power Grid Company of Bangladesh, Square Textile, Southeast Bank and Bextex.

The Desco topped the list with 210,700 shares worth Tk 9.15 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 1.49 percent to close at 3874.41 points while the CSE-30 Index shot up by 2.11 percent to close at 3526.79 points.

CSE Selective Categories Index also went up by 1.65 percent to close at 2554.25 points.

A total of 89 issues were traded yesterday. Of them, 66 gained, 15 declined and eight remained unchanged. A total of 4,253,499 shares worth Tk 17.72 crore changed hands on the bourse.