DHAKA, Feb. 16 (Xinhua) -- Dhaka Stock Exchange (DSE) daily turnover soared on Sunday amid growing investors' confidence in the Bangladesh's prime bourse with the government's measures boosted by Asian Development Bank (ADB) loan news.
On Sunday Market turnover reached 9.16 billion taka on the DSE, up 25 percent over previous day's mark of 7.30 billion taka.
Sunday's transaction was highest since Feb. 14 last year when the turnover for the last time totaled a record 9.32 billion taka.
Trade analysts said the Bangladeshi government's recent moves to divest shares of selected state-owned entities coupled with the central bank's fund supportive measures and ADB loan news apparently boosted investors' confidence to a large extent.
ADB in a statement Saturday said it approved a second tranche loan of 170 million U.S. dollars to conclude the Third Capital Market Development Program in Bangladesh.
ADB said it has been actively supporting the government's current capital market reform agenda since 2012 when the Second Capital Market Development Program was approved.
This aimed to rebuild market confidence after stock market turbulence in December 2010 and put the capital market back onto a sustainable development path, said the bank.
The prime index of the bourse-- DSEX- also soared 169.54 points or 3.71 percent to settle at two months high at 4,734 on Sunday.
Among a total of 356 issues traded Sunday, 293 registered gains and 40 incurred losses while 23 remained unchanged. (1 U.S. dollar equals to about 86 taka)
