The daily average turnover on the Dhaka Stock Exchange increased by 53.57 per cent to Tk聽1,282.22 crore in the past week compared with that of Tk聽834.97 crore in the previous week due to an increased participation of investors after the August 5 political changes in the country, market operators said.
The turnover totalled at Tk聽6,411.12 crore in the past week compared with that of Tk聽3,339.86 in the previous week.
Stocks鈥� prices, however, saw a slight decrease in the past week after witnessing a surge in the previous week, as a section of investors chose to book some profits after the recent surge, market operators said.
The market rebounded strongly after Sheikh Hasina resigned as prime minister and fled the country on August 5, ending her 15-year rule.
Her departure came after a massive student-led uprising against her authoritarian government. The country experienced significant violence during the student protests, with more than 350 people killed till August 5 as students took to the streets to fight against discrimination.
DSEX, the key index of the DSE, decreased by 20.97 points, or 0.35 per cent, in the past week to end at 5,903.84 points, after gaining 590.87 points in the previous week.
The DSE operated five sessions in the past week, gaining in two sessions and losing in the other three.
Before the recent rebound, the market had been facing a downward trend for several months.
Of the 398 stocks traded in the past week, 105 went up, 278 went down and 15 stayed the same.
Investors were mostly active in bank scrips, followed by the pharmaceutical and telecommunication shares.
EBL Securities in its weekly market commentary said, 鈥楧espite beginning the week on a positive note, driven by euphoria following the recent major political shift, the market appeared to cool down as investors eventually preferred profit taking, which compelled the benchmark index to settle in negative territory.鈥�
The DSE Shariah index increased by 10.19 points, or 0.80 per cent, to close at 1,264.72 points in the past week.
Only the DS30 index gained, by 46.62 points, or 2.19 per cent, to finish at 2,179.35 points.
Grameenphone topped the average weekly turnover chart.
BRAC Bank, Square Pharmaceuticals, British American Tobacco Bangladesh, Robi Axiata, IFIC Bank, City Bank, Techno Drugs, Unilever Consumer Care, and AB Bank were the other turnover leaders.
