Dhaka stocks saw decrease in its indices in the past week, after an increase in the previous week, as a section of investors chose to sell shares to realise their gains after the recent price appreciations.
Also, many chose to stay on the sidelines which led the market to the negative trajectory, market operators said.
DSEX, the key index of the Dhaka Stock Exchange, lost 23.91 points or 0.46 per cent, closing the week at 5,201.70 points.
This comes after a gain of 21.65 points in the week before.
The Dhaka bourse operated on five trading sessions in the past week, among which four sessions recorded loss, and one witnessed gains in its indices.
BRAC Bank, LafargeHolcim Bangladesh, Robi Axiata, and National Bank dragged the market most, contributing a total of 17 negative points.
Market operators also said that investors preferred to remain watchful due to the weakened strength of the market鈥檚 brief uptrend in the previous week.
A weekly commentary by EBL Securities noted that buying activity has been聽 evident in particular beaten down scrips, while mutual funds also dominated the top gainers鈥� list as investors sought quick gain opportunities in a volatile market.
The average daily turnover on the DSE, however, increased to Tk 476.86 crore last week, from Tk 390.93 crore in the previous week.
Out of 394 traded issues, 149 saw gains, 207 declined, and 38 remained unchanged.
The DS30 index, which tracks blue-chip stocks, went down by 13.68 points or 0.72 per cent, closing at 1,887.88 points.
The DSE Shariah index also fell by 7.26 points or 0.62 per cent, ending the week at 1,158.02 points.
Shinepukur Ceramics topped the turnover chart with an average daily turnover of Tk 16.19 crore.
Other leading turnover stocks included Square Pharmaceuticals, Orion Infusion, Intraco Refueling Station, Alif Industries, Uttara Bank, Fu Wang Food, Bd Thai Aluminium, Beach Hatchery, and Taufika Foods and Lovello Ice-cream.
