BSE Ltd, Asia’s oldest stock exchange, reached a lifetime high in trading on the National Stock Exchange (NSE) on Friday. The surge in share prices followed BSE’s announcement of a more than 32% increase in its share buyback price to ₹1,080. This raise in share buyback price has created a positive outlook for the exchange’s derivatives business. In addition, the volumes in BSE’s cash segment reached a near two-year high in August, which attracted investor interest in the stock. BSE is expected to gain another 15-20% in the near term and up to 40% over the medium term, according to analysts. BSE has struggled to establish a presence in the futures and options segment, but the recent launch of its weekly options contract for the benchmark Sensex has contributed to its initial success. BSE’s market share in the equity derivatives segment increased from nil to 3.4% in August. Analysts predict that BSE’s market share could rise to around 10% by the fourth quarter. Shares of BSE have nearly doubled in the last three months and have risen by almost 25% in just one week.