Earlier on August 21, the DSE witnessed its highest turnover after 1996 with Tk 79.87 crore.

Market analysts said the institutional investors like banks and financial institutions, which play important role in keeping the market vibrant, were more interested in investing money in the market yesterday.

They also attributed the recent upward trends mainly to pre-election buying spree, coupled with a series of positive corporate results.

Besides, they said liquidity situation on the stock market also improved in recent times as the inter-bank call money rate eased, which encouraged the institutional investors including merchant banks to channel their funds to the stock market.

"Fresh funds are coming into the market," said a DSE broker. With the improvement in liquidity situation large investors have become active, he added.

Along with the turnover, the indices also went up. The DSE General Index rose by 21.89 points or 1.39 per cent to close at 1587.07 points while the DSE All Share Price Index increased by 25.52 points or 1.97 per cent to close at 1321.01 points yesterday.

A total of 75,36,261 shares of 199 issues worth Tk 80.92 crore changed hands on the DSE yesterday. Of the issues traded, 122 closed in gains, 56 suffered losses and 21 remained unchanged.

Trading on Chittagong Stock Exchange (CSE) closed higher yesterday with the gainers dominating the losers.

The CSE All Share Price Index increased by 69.90 points or 1.88 per cent to close at 3783.41 points.

The CSE-30 Index also shot up by 55.21 points or 1.71 per cent to close at 3277.39 points.

A total of 102 issues were traded yesterday. Of them, 69 gained, 24 declined and nine remained unchanged. A total of 3,257,562 shares Tk 17.46 crore changed hands on the bourses.

Trading on both DSE and CSE could not be held Wednesday due to nationwide shutdown, called by the 14-party opposition.