Dhaka, Bangladesh (BBN)- The country’s  stocks saw a positive week that ended on Thursday, breaking four weeks losing streak as investors took position on large cap stocks.

Week-on-week, the prime index of Dhaka Stock Exchange (DSEX) ended at 4,430.48 points, gaining 46.41 points or 1.06 percent.

The DS30, comprising blue chips, gained 19.67 points or 1.24 percent to close at 1,609.27 points. The DSE Shariah Index (DSES) went up by 19.90 points or 2.05 percent to close at 992.82 points.

The port city bourse — the Chittagong Stock Exchange (CSE) — also went up after four week with its Selective Categories Index (CSCX) gaining 33.75 points or 0.40 percent to close the week at 8,468.99 points.
 
DSE total turnover stood at BDT 13.03 billion last week against previous week’s total turnover value of BDT 11.73 billion.
 
The average daily turnover for the week stood at BDT 2.60 billion, registering an increase of 11.11 percent over the previous week’s average of BDT 2.34 billion.
 
IDLC Investments said in its weekly market analysis, “Budgetary expectations continued condensing and impulsing investors throughout the week”.
 
Amid cyclical movements and natural force of demand-supply, the overall market momentum remained mixed, said the merchant banker.
 
“Investors are eagerly waiting for the upcoming budget to be announce next month to sense the government’s mentality whether they want to spur growth,”  said LankaBangla Securities, in its weekly market analysis.
 
“The market turnover is still low which shows investors’ cautiousness about fresh investment. Average turnover was BDT 2.60 billion, indicating lack of strength in movement,” said the stock broker.
 
Cement sector was up by 8.45 per cent fueled by news of government’s allocation BDT 81 billion for Padma Bridge in upcoming budget, said the stock broker.
 
The losers, however, took a modest lead over the gainers as out of 303 issues traded during the week, 168 advanced, 112 declined and 23 issues remained unchanged on the DSE floor.
 
Lafarge Surma Cement dominated the week’s top turnover chart with shares worth BDT 1.24 billion changing hands during the week followed by GP, Square Pharma, BSRM Steels and Mercantile Bank.
 
ACI Limited was the week’s top gainer, posting a rise of 18.46 percent while Rupali Life Insurance was the week's worst loser, slumping by 15.87 percent.

BBN/SSR/AD-30May14-9:15 pm (BST)