The country’s stocks dipped last week largely for profit-taking on sector-specific issues by investors based on the latest corporate declarations.

The prime index of Dhaka Stock Exchange decreased by 37.09 points or 0.75 percent during the week to settle at 4,905 on Thursday.

On the other hand, in the previous week, the core index of DSE gained 96 points.

Market analysts said most of the investors were busy selling their securities on profit booking, pushing the market down.

On the other hand, some investors managed funds by selling shares to buy in three new IPOs which will come soon to the market, they added.

However, many investors witnessed buying sprees on sector-specific issues that declared satisfactory dividend and quarterly earnings, they mentioned.

The week usually finishes with five trading days as Friday and Saturday are weekends.

The market closed lower on two days and finished slightly higher while three days ended lower in the past week.

However, the blue chips index (DS30) went down by 14.05 points during the week to close at 1,711 on Thursday and Shariah index (DSES) dropped 3.03 points to finish at 1,117 in the span of one week.

The losers beat over the gainers, as out of 361 issues traded, 188 closed lower, 103 higher and 70 remained unchanged on the DSE floor.

The market capitalisation of the DSE increased by 0.11 percent to Tk 3,984 billion as against Tk 3,980.41 billion on the first working day of the week.

Beximco Pharma dominated the floor of the DSE and became the top of the week’s turnover chart.

Market data shows 32.19 million shares of the Beximco Pharma were traded on the floor of the Dhaka Stock Exchange (DSE) during the week and its market value stood at almost Tk 4.39 billion  on the week.

It was followed by the Bangladesh Export Import Company Limited, Asia Pacific Insurance, Brac Bank, and Associated Oxygen.

CAPM IBBL Islamic Mutual Fund was the week's best performer, posting a gain of 50.63, while Hamid Fabrics was the week's worst loser, slumping by 14.75 percent.

The daily average turnover stood Tk 9.11 billion, which was more than 7.91 percent lower than the previous week's average of Tk 8.44 billion.

The total turnover stood at Tk 45.56 billion last week which was Tk 42.22 billion the week before.

On the other hand, the port city bourse, the Chattogram Stock Exchange (CSE) also saw a negative trend during the last week with its selective category index (CSCX) losing 66 points to close at 8,470 points.

All-Share Price Index (CASPI) of the CSE was lower by almost 121 points on Thursday to close at 14,067 points.

At the CSE, total 311 issues were traded. Among them, 90 closed higher, 162 ended lower and 59 remained unchanged.

However, the number of shares transacted on the floor of the CSE was 66.83 million and the total turnover in value was Tk 1.50 billion during the last week.