Dhaka, Bangladesh (BBN)– The bourses finally resisted the down-trend after two weeks' massive fall with turnover improved slightly as lucrative price level seemed to encourage investors to take fresh position amid optimism.

The market witnessed five trading sessions as usual. Among them first and last session lost marginally while remaining three sessions gained moderately.

The week-on-week General Index of the Dhaka Stock Exchange (DGEN) went up by 63.32 points or 1.73 per cent to close at 3,720.36 points.

The other two indices also performed well, with the DSEX gained 82.17 points or 2.34 percent to close at 3,590.03 points. The DS30 also advanced 11.09 points or 0.85 percent to close at 1,322.06.

The total turnover on DSE improved to BDT 8.07 billion against BDT 7.28 billion in the previous week. Turnover crossed BDT 2.0 billion mark on the fourth session of the week, registering the highest daily turnover in last five weeks. 

The average daily turnover stood at BDT 1.61 billion which was 10.85 percent higher compared to BDT 1.45 billion in the previous week.

The Chittagong Stock Exchange (CSE) also ended higher last week with the Selective Category Index of the CSE gained 143.14 points or 2.06 percent to close at 7,060.46 points.

"The markets bounced back to the gaining track on the news of reviving inactive margin accounts," commented LankaBangla Securities, a leading stock broker in its weekly market analysis.

According to the latest decision of the Bangladesh Securities and Exchange Commission (BSEC), inactive margin accounts can rebalance their portfolio till September 30, 2013.

Moreover, increasing participation of investors was apparent as turnover and market volume increased despite the political chaos throughout the week, said the stock broker.

Of the total 288 companies and mutual fund units were traded during the week on the premier bourse, among them 249 advanced, 34 declined and 5 remained unchanged.

Most of the sectors were in gaining track except telecommunications, food and allied. Among the major sectors, the top gaining sector were IT sector 16.27 percent, Mutual Fund 9.92 per cent, Textile 5.32 percent, Insurance 3.47 percent.

NBFIs, banks, fuel and power and pharmaceuticals gained 3.47 percent, 2.09 percent, 1.37 percent and 0.98 percent respectively.

The market capitalization of the DSE went up by 1.47 percent as it was BDT 2,183.13 billion in the opening day of the week while it closed at BDT 2,215.25 billion.

Seven listed companies—Bangladesh Lamps, Al-Arafa Islami Bank, Global Insurance, Rangpur Dairy and Food Products, Summit Alliance Port Ltd, ONE Bank, and the Premier Bank were made their corporate declaration during the week.

Newly listed Orion Pharma continued to dominate the week's top turnover chart with shares worth BDT 433.18 million changing hands.

The other turnover leaders were United Airways, Premier Cement, Unique Hotel and Resorts, RN Spinning, Summit Purbanchol Power Company, Beximco Limited, Global Heavy Chemicals, Generation Next Fashion and Square Pharma.

Prime Finance First Mutual Fund was the week's highest gainer posting a rise of 42.96 percent followed by CVO Petrochemicals Refinery Ltd, Phoenix First Mutual Fund, Aamra Technologies, DBH First Mutual Fund, Mithun Knitting, Bangas, Kay and Que, Tallu Spinning and Delta Spinners.

The week's worst losers included First Lease Finance and Investments, Samorita Hospital, Brac Bank, Argon Denims, Pubali Bank, Trust Bank, Sub 25 precent Convertible Bonds of Brac Bank, Union Capital, Mutual Trust Bank and Takaful Insurance.

BBN/SSR/AD-13Apr13-11:10 am (BST)