The country’s stock market posted a strong rally on Thursday as news of major changes in the top leadership of the Bangladesh Securities and Exchange Commission (BSEC) boosted investor confidence.

The Dhaka Stock Exchange (DSE) saw gains in both the benchmark index and trading volume, extending its winning streak to four consecutive sessions. Market participants attributed the surge to the resignation of outgoing BSEC Chairman Khondkar Rashid Maksud and the appointment of experienced professional Masud Khan as the new chairman.

The DSE benchmark index, DSEX, rose by 33 points to close at 5,475. Of the 391 issues traded, 242 advanced, 104 declined, and 45 remained unchanged.

Turnover also increased to Tk 1,351.59 crore, up from Tk 1,279 crore in the previous session, reflecting stronger investor participation.

The Chittagong Stock Exchange (CSE) also closed higher, with the CASPI index rising by 82 points to 15,268. Out of 255 traded securities, 152 advanced and 74 declined.

Earlier in the day, the government formally appointed Masud Khan, a chartered accountant and corporate leader, as BSEC chairman for a four-year term. Three new commissioners were also appointed to the regulator.

The reshuffle followed the resignation of the outgoing chairman along with four commissioners, marking a complete overhaul of the commission’s leadership.

Market observers said the development signalled a potential shift toward improved governance and restored investor confidence in the capital market.