The Dhaka Stock Exchange (DSE) witnessed bearish trend last week with the price indices dropping by around three percent.

The DSE General Index lost 56.14 points, or 3.67 percent, to close at 1475.55 points on Thursday, the last working day of the last week, from 1531.69 points on November 2.

DSE All Share Price Index also shed 46.12 points, or 3.60 percent, to close at 1234.25 points last week from 1280.37 points of the previous week.

Besides, DSE 20 Index, comprising blue chips, also went down by 20.19 points, or 1.54 percent, to close at 1288.34 points last week from 1308.53 points.

However, turnover on the premier bourse rose sharply last week.

The total turnover in terms of value on the DSE was Tk 154.30 crore last week against Tk 77.71 crore in the previous week.

The daily average turnover went up by 48.92 percent last week from the previous week. In the last week, daily average turnover on the bourse was Tk 38.57 crore while the figure was Tk 25.90 crore in the previous week.

However, trading on the DSE took place only for four days during the last week while three days during the previous week.

Total transactions on the DSE went up by 41.69 percent last week. A total of 1,97,65,098 shares of 260 issues were traded on the premier bourse last week while 1,39,49,173 shares changed hands in the previous week.

Of the issues traded, 27 closed higher, 195 ended lower and five

remained unchanged.

The top ten turnover leaders in the week were Power Grid Company of Bangladesh Ltd (PGCB), Bextex Limited, Summit Power, Dhaka Electric Supply Company Ltd, UCBL, Pubali Bank, Rupali Bank, NBL, AB Bank and Heidelburg Cement.

PGCB, the state-owned power company, topped the list of turnover leaders with 35,43,650 shares worth Tk 53.78 crore, accounting for 34.86 percent of the total market turnover.

Market analysts said the confrontational politics is keeping investors at bay. They also said the market may see bearish trend in the coming weeks mainly due to current volatile political situation.