Stocks witnessed a rapid growth and rebounded in the last week as many investors were seen busy buying sector-wise securities.
Market analysts said the higher interest rate generally helped increase the cash-surplus insurance companies’ income, which pushed the insurance sector to the positive territory.
On the other hand, the profitability of banks and financial institutions will rise under the new monetary policy, they said, adding that the banking and non-banking financial institutions drew the investors’ attention again.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 39.23 points or 0.62 percent higher to stand at 6,319.25, after losing 72.82 points in the previous week.
The DS30 Index, comprising blue-chip companies, also increased by 5.24 points to finish at 2,187 and the DSES index, which represents Shariah-based companies, rose by 7.55 points to close at 1,372.
The week's total turnover decreased to Tk 29.58 billion last week from Tk 38.70 billion the week before while the daily average turnover increased by 23 percent to Tk 7.74 billion.
Of the 393 issues traded, 162 advanced, 23 declined and 208 issues remained unchanged on the DSE.
Meghna Life Insurance became the most-traded stocks for the second straight week, with shares worth Tk 1.05 billion changing hands.
It was followed by Gemini Sea Food, Navana Pharma, Bangladesh Shipping Corporation and Eastern Housing.
Meanwhile, the All-Share Price Index of the CSE was higher by 97 points during the time to close at 18,657 points on Thursday.
The CSE's Selective Categories Index (CSCX) lost 52 points to close the week at 11,154.
Of the 311 issues traded, 36 declined, 115 advanced and 160 remained unchanged on the CSE.
The port city's bourse traded 2.11 crore shares and mutual fund units with turnover value of Tk 898 crore.
