The total turnover at the Dhaka and Chittagong bourses on Monday soared to its highest ever mark at Tk 4.0690 billion, surpassing the previous highest of Tk 3.7375 billion on October 22 last.

The turnover at the Dhaka Stock Exchange jumped to its peak at Tk 3.4377 billion from the Sunday’s Tk 2.4091 billion and that at the Chittagong Stock Exchange went up to its highest at Tk 0.6313 billion from the previous day’s Tk 0.4566 billion.

On October 22, the DSE and the CSE turnover were at Tk 3.1683 billion and Tk 0.5692 billion respectively.

‘It is the reflection of a feeling of relieve among investors,’ said Moin Al Kashem, senior vice-president of the Prime Finance and Investment.

He said the investors, institutional or retail, injected funds into the market eased by the latest moves taken by the Securities and Exchange Commission, the capital market regulator.

Moin said the investors bought shares anticipating that stock prices would further rise on implementation of the SEC’s latest order over the margin loan ratio.

On Sunday, the SEC re-fixed the maximum rate of margin loan for merchant banks at 1:1 with effect from February 10.

The SEC officials said the commission raised the rate with a view to improving the liquidity situation at the market which had recently been going through somewhat shortage of liquidity inflow.

To improve the liquidity situation at the market, the SEC also reintroduced financial adjustment facility on last Wednesday against the trading of shares of ‘A’, ‘B’, ‘G’ and ‘N’ categories effective from Sunday.

Stock prices also gained significantly due to buying spree from the investors.

The DSE general index gained 49.67 points or 1.72 per cent to close at 2939.93, while its blue chips index, DSE20, advanced by 37.10 points or 1.58 per cent to close at 2380.96.

The CSE selective categories index gained 66.35 points or 1.40 per cent to close at 4810.57, while its blue chips index, CSE30, advanced by 77.92 points or 1.17 per cent to close at 6742.23.

Of the total 236 issues traded at the DSE, 159 advanced, 64 declined and 13 remained unchanged, and out of 134 issues traded at the CSE, 102 posted gains, 24 dropped and eight remained unchanged.