Stocks returned to the green last week that ended Thursday after the previous week's major correction as optimistic investors took position on lucrative stocks.
The investors were also stimulated with cashing out tendency throughout the week over upcoming Eid festival as only five trading sessions are left ahead of Eid vacation.
The week featured all five trading sessions as usual. Among them, the market closed positive three sessions while two sessions ended in the red.
Week-on-week, DSEX, the prime index of Dhaka Stock Exchange (DSE) edged up by 29.06 points or 0.67 per cent to close at 4,392.15 points.
The DSE Shariah Index (DSES) went up by 1.98 points or 0.20 per cent to close at 998.88 points. However, the DS30, comprising blue chips closed red with losing 1.46 points or 0.09 per cent to close at 1,602.93 points.
The port city bourse, the Chittagong Stock Exchange (CSE), however, closed at break-even points, with its Selective Categories Index - CSCX- lost only 0.13 points to close the week at 8,326.99 points.
The week's total turnover improved slightly, but remained dry. The total turnover stood at Tk 10.39 billion which was Tk 9.60 billion in the previous week.
The daily turnover for the week averaged Tk 2.07 billion, registering an increase of 8.21 per cent over the previous week's average of Tk 1.92 billion.
"Dynamic trading pattern, cashing out before Eid-ul-Fitr and lucrative positioning for spread search in frequent interval remained persistent in market mechanism," commented IDLC Investments, in its weekly market analysis.
Throughout the week, investors behaved meticulously and continued searching spread to gain over market mechanism, said the merchant bank.
Monetary policy statement (MPS) which will be announced on July 27 and half-yearly and yearly earnings centric expectations were also prevalent in market, said the merchant bank.
Last two weeks' negative tone got marginally neutralised over some positive news on the macroeconomic front. Specially, RMG's record export of $24.5 billion and overall export target of $34.5 billion for FY 2014-15 and 95 per cent ADP implementation in the last fiscal, despite political setback kept some positive development at bay, the merchant bank added.
LankaBangla Securities, said in its weekly analysis that the market is eyeing second quarter net profit figures of corporate entities which will appear on the screen soon.
"The second quarter profitability of corporate entities will dictate market movement," said the stock broker.
Losers outpaced gainers as out of 305 issues traded during the week, 147 declined, 120 advanced and 38 remained unchanged on DSE floor.
Among the sectors, top gaining sectors of the week were miscellaneous 5.46 per cent, cement 3.48 per cent, fuel and power 2.85 per cent and food and allied 2.62 per cent.
Top losing sectors were telecommunication 3.9 per cent, life insurance 2.55 per cent, NBFIs 0.83 per cent and pharmaceuticals 0.41 per cent.
Only one listed company - Rupali Life Insurance -- made corporate declaration last week. The insurer declared 5.0 per cent stock dividend for the year ended on December 31, 2013. In 2012, the company declared 12 per cent stock dividend.
A new issue - Shajibazar Power Company- began trading at the DSE on Tuesday, but could not attract investors much on its debut trading day. The rental power generation company's share gained only 46 per cent from its IPO price of Tk 25 on its debut trading day.
The market capitalisation of the DSE went up by 0.16 per cent as it was Tk 2,889.83 billion on the opening day of the week and it stood at Tk 2,894.37 billion on the closing day of the week.
Beximco Limited dominated the week's top turnover chart for the third straight week with shares worth Tk 1.18 billion changing hands during the week followed by GP, Square Pharma, Shahjibazar Power and Lafarge Surma Cement.
Beximco Limited also topped the week's gainer chart, posting a rise of 19.73 per cent while Sandhani Life Insurance was the week's worst loser, plunging by 25.19 per cent.