The market capitalisation on the Dhaka Stock Exchange (DSE) reached its record high last week mainly on the back of debut of BRAC Bank. The market indicator increased by Tk 824 crore throughout last week to stand at all time high of Tk 37,931 crore on February, 1 up from the previous weeks close of Tk 37,107 crore. BRAC Bank that debuted on the bourse on January, 31contributed significantly to the rise in the market capitalization.

Soon after its debut on the secondary market, BRAC Bank got huge response from investors and started guiding the movements of the market. The share prices of BRAC Bank rose to its peak of Tk 595 on February, 1. The bank raised Tk 85 crore from initial public offerings in November issuing 50 lakh shares each valued at Tk 100 each with a premium of Tk 70 per share. Its debut also propelled the DSE turnover to a new high of Tk 158.75 crore rewriting the bourses previous turnover record of Tk 140.94 crore on January 24. The bank accounted for nearly one third of the total turnover of the bourse on the day.

The Power Grid Company Bangladesh was the second biggest turnover leader with Tk 63.73 crore. Other turnover leaders of the week were Dhaka Electric Supply Company, Grameen Mutual Fund One, Aims 1st Mutual Fund, Square Textile, Jamuna Bank, Summit Power, Pubali Bank and Southeast Bank.