Stocks Extend Losing Streak for Second Straight Session

The stock market extended its losing streak for a second consecutive session on Monday, as investor sentiment weakened amid concerns over domestic fuel price adjustments and lingering global uncertainty linked to Middle East ceasefire talks.

The benchmark index of the Dhaka Stock Exchange, DSEX, fell by 15 points, or 0.3 percent, to close at 5,232 points, down from 5,248 points in the previous session.

Trading remained under pressure from the opening, with selling intensifying during the mid-session. Although some buying interest emerged later, it was not strong enough to offset the broader selling trend, leading the market to end in negative territory.

Market turnover, however, showed slight resilience, rising by 0.7 percent to Tk 8.2 billion compared to Tk 8.1 billion in the previous session.

Sector-wise, engineering accounted for the highest share of turnover at 17.5 percent, followed by textiles at 14.8 percent and pharmaceuticals at 11.8 percent.

Most sectors ended lower. Travel declined by 1.2 percent, while jute and cement each fell by 1.0 percent. On the other hand, services rose by 1.5 percent, tannery gained 1.1 percent, and textiles added 0.6 percent.

Out of 397 traded issues, 119 advanced, 206 declined, and 71 remained unchanged, reflecting broad-based weakness in the market.

The Chittagong Stock Exchange also closed in negative territory, with the Selective Categories’ Index (CSCX) falling by 11.2 points and the All Share Price Index (CASPI) dropping by 27.8 points.