Stocks extend losing streak

Stocks dropped for the fourth straight session today amid declining investor participation and falling turnover at the Dhaka Stock Exchange (DSE).  

The DSEX, the benchmark index of the bourse, initially gained 20.71 points, or 0.40 percent, to reach 5,126.40 in the first hour of trading. 

However, the early momentum faded as the index slipped 8.36 points, or 0.16 percent, to close the day at 5,097.32.  

The Shariah-based DSES index lost 0.41 percent to end at 1,143.70, while the DS30, comprising blue-chip stocks, fell 0.14 percent to 1,875.39. 

Turnover, a key measure of market activity, dropped 14 percent to Tk 339.29 crore.  

Out of 395 issues traded, 124 advanced, 190 declined, and 82 remained unchanged.  

Midland Bank posted the highest gain of 8 percent, whereas Union Capital declined the most, falling 9 percent.