Dhaka, June 3 -- The benchmark index of the Dhaka Stock Exchange (DSE) climbed to a three-month high, extending its winning streak to eight straight sessions as growing investor confidence and expectations of supportive measures for capital market development sustained buying interest in undervalued stocks.

Political pledges toward capital market development and the prospect of easing geopolitical pressures continued to draw fresh accumulation into attractively valued counters.

Engineering, cement and pharma stocks led the market rally on Wednesday. Shares of LafargeHolcim Bangladesh, Square Pharmaceuticals, BSRM Limited, Walton, BATBC and BSRM Steel collectively contributed around 10 points to the benchmark index's gain.

The DSEX, the...