Dhaka stocks continued to gain for a third week, with the investors' defying the warning of the bourses that the market may face a catastrophe any time.
Week-on-week, the benchmark index of the Dhaka Stock Exchange, DSE General Index (DGEN), rose 12 points, or 0.17 percent, to 7,492.
The market opened the week with the steepest fall of 187 points since July 25 this year, reacting to the bourses' warning of a possible catastrophe in the market.
The Securities and Exchange Commission's win over a legal battle on NAV-based calculation for loan margin ratio also weighed down the market.
The Supreme Court on October 10 vacated a High Court stay order on a SEC directive regarding NAV-based margin calculation.
Earlier on October 9, the Dhaka and Chittagong stock exchanges jointly warned of a disaster in the stockmarket, and sought the prime minister's intervention in offloading government shares as a short-term measure to cool down the market.
But, the market recovered decently on the following day, with the DGEN gaining more than 100 points.
Then on Tuesday and Wednesday, the DGEN increased, crossing the 7,500 mark for the first time.
However, on Thursday, the last trading day of the week, the market lost slightly on profit-taking pressure.
Although the market witnessed the biggest fall in two months, indicating a price correction, it bounced back quickly, as the investors defied the warning of the exchange authorities, said a stockbroker.
Last week, most major sectors advanced. Among those, banks, non-banking financial institutions and mutual funds were the notable gainers.
However, life insurance, pharmaceuticals, cement, services and real estate, and tannery sectors were in the negative territory.
Losers beat advancers 150 to 96, with two securities remaining unchanged on the premier bourse, which traded more than 52.52 crore shares and mutual fund units.
The total and daily average turnovers also declined by 19.44 percent to Tk 9,958 crore and Tk 1,991 crore respectively.
Summit Power topped the list of the turnover leaders followed by Premier Bank, Peoples Leasing and Financial Services, One Bank and United Commercial Bank.
Sonargaon Textiles was the largest gainer after Takaful Islami Insurance, ICB, National Tea and Apex Spinning.
Chittagong stocks also rose last week, with the CSE Selective Categories Index increasing 2.62 percent to 14,067.
More than 6.16 crore shares and mutual fund units were traded on the Chittagong Stock Exchange on a value of Tk 905 crore.
Gainers beat losers 126 to 72, with four securities remaining unchanged on the port city bourse.
United Commercial Bank topped the list of the turnover leaders, followed by Summit Power, Premier Bank, United Airways and NCC Bank.
Sonargaon Textiles was the largest gainer after Apex Weaving, Chittagong Vegetable, Takaful Insurance and Standard Ceramic.
DBH was the biggest loser followed by Aziz Pipe, Monno Frabrics, Safko Spinning Mills and Bata Shoe.