After breaking straight three-week losing streak, stocks came back strongly in the last week as hopeful investors witnessing their buying spree on sector-wise securities.
The prime index of the Dhaka Stock Exchange (DSE) increased significantly by 105.75 points or 2.17 percent to stand at 4,974 while the benchmark index lost only 73 points in the past three consecutive weeks.
Most of the share prices increased participating to push the stock market in green zone in outgoing week.
As part of its move, investors got back around Tk 9,000 crore last week as the market turned upwards.
The market-cap (capitalization) of the DSE jumped 2.40 percent during the last week to Tk 3,992 billion on Thursday.
Market analysts said many investors have showed their buying interest on sector-wise securities including on engineering, cement, food, banking and financial sector on growing confidence as the regulator has taken many steps to restore discipline in the market.
They said the stock market regulator's steps to restructure the boards of the listed companies which sponsor-directors fail to hold minimum share, also attracted the investors.
On the other hand, some investors also took position on general insurance stocks driven by the positive growth in their latest quarter earnings, they added.
Besides, some investors hold their position on different stocks after booking profit for the last several weeks, pushed the market high, they said.
However, the DSE 30 Index comprising blue chips went up by 37.43 points to close at 1,727 and the DSE Shariah Index (DSES) increased by 16.69 points to finish at 1,135.
The total turnover on DSE increased to Tk 38.97 billion in the last week against Tk 31.48 billion in the week before.
The daily average turnover stood at Tk 7.79 billion in the last week, up nearly 24 percent higher than the previous week's average of Tk 6.29 billion.
Among the major sectors, engineering witnessed the highest growth, posting 8.40 percent gain.
It was followed by cement with 5.80 percent, food 5.40 percent, financial institutions 2.60 percent, banking 2.10 percent and general insurance 1.70 percent.
Gainers beat strongly over the losers over the losers as out of 362 issues traded, 206 closed higher, 88 lower and 68 remained unchanged on the DSE floor.
On the other hand, the port city bourse, the Chattogram Stock Exchange (CSE) also saw a positive trend during the last week with its selective category index (CSCX) gaining 181 points to close at 8,587 points.
All-Share Price Index (CASPI) of the CSE was higher by 301 points on Thursday to close at 14,262 points.
