Dhaka, Bangladesh (BBN)-Bangladesh’s Stocoks posted modest gains last week that ended on Thursday, the first week of the new fiscal year, as investors booked short-term profit in later part of the week.

Week-on-week, DSEX, the prime index of Dhaka Stock Exchange (DSE), went up by 26.78 points or 0.61 perent to close at 4,436.21 points.

The DS30, comprising blue chips moved up by 5.29 points or 0.33 percent to close at 1,621.86 points.

However, the DSE Shariah Index (DSES) lost 3.31 points or 0.33 percent to close at 1,002.92 points.

The port city bourse, the Chittagong Stock Exchange (CSE), also saw marginal gains last week with its Selective Categories Index – CSCX- gained 61.87 points or 0.74 percent to close the week at 8,463.24 points.

The week’s total turnover amounted to BDT 12.87 billion, registering a decline of 10.42 percent over the previous week’s total value of BDT 14.37 billion as there was one less trading session last week.

The daily turnover for the week averaged BDT 3.22 billion which was 11.98 percent rise against previous week’s average of BDT 2.87 billion.

LankaBangla Securities in its weekly market analysis said, “Investors are still apathetic about the market. Those who had bought shares for tax purposes probably are selling now”.

“Market next direction will be dependent on second quarter (April to June) earnings figures posted by companies. From the end of next week, figures will start coming,” said the stock broker.

Out of 305 issues traded during the week, 140 advanced, 137 declined and 28 issues remained unchanged on the DSE trading floor.

Only one listed company – Sandhani Life Insurance – made corporate declaration last week. The insurer declared 25.50 percent stock dividend for the year ended on December 31, 2013.

Beximco Limited dominated the week’s top turnover chart with shares worth BDT 999.39 million changing hands during the week followed by GP, Lafarge Surma Cement, Appollo Ispat and United Airways.

Fine Foods was the week’s top gainer, posting a rise of 21.99 percent while Meghna Life Insurance was the week’s worst loser, slumping by 13.67 percent.

BBN/BB/ANS-03July14-7:50pm (BST)