Dhaka, Bangladesh (BBN): Stock prices closed higher for the second straight week with high turnover value amid apparent ease in political frontier.

The week witnessed all five trading sessions as usual. Among them, three sessions gained sharply while two sessions lost marginally.

Week-on-week, the benchmark index of the Dhaka Stock Exchange, DSEX went up by 141.80 points or 3.56 per cent to close 4,125.27 points and peaked one month high level.

The Chittagong Stock Exchange (CSE) also ended higher last week with the Selective Category Index of the CSE gained 246.75 points or 3.14 per cent to close at 8,091.91 points.

The total turnover value stood at BDT 29.33 billion against BDT 8.36 billion in the previous week as previous week featured only three trading sessions.

Consequently, the average daily turnover stood at BDT 5.86 billion, a 110.33 per cent increase over the previous week’s average.

The gainers took a strong lead over the losers as out of 295 issues traded during the week at DSE, 206 advanced, 72 declined and 17 remained unchanged.

Bangladesh Submarine Cable Company became the week’s top turnover chart with shares worth BDT 1.90 billion changing hands followed by Padma Oil, Meghna Petroleum, GrameenPhone and Square Pharma.

Rangpur Foundry was the week’s highest gainer posting a rise of 35.44 per cent while ICB Sixth Mutual Fund was the week’s worst loser, slumping by 29.86 per cent.

BBN/BB/AD/23Aug-13-5.30pm (BST).