Stocks tumble as major sectors plunge

Stocks extended the losing streak for the second straight week as cautious investors continued their sell-offs amid lower-than -expected earnings declaration of some listed companies.
Week on week, the DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went down roughly 112 points or 1.92 per cent to settle at 5,724.
DSEX erased about 185 points in the past two consecutive weeks.
Market operators said cautious investors sold off shares aiming to book gains while some others were busy rebalancing their portfolio amid ongoing corporate declarations.
Some heavyweight stocks that continued to rally over the last few months saw correction in the outgoing week due to heavy selling pressures.
Risk-averse investors, especially small one, released their holdings after noticing that some heavyweight issues started to fall, said a merchant banker.
Robi Axiata continued to slide as its stock saw 13.94 per cent price fall to close at Tk 53.10 on Thursday. It was the week's second highest loser.
Newly listed Energypac Power Generation ended its week-long rally since debut as its share price plunged 6.40 per cent to close at 71.7 on Thursday, after hitting 92.6 on January 25.
The port city's bourse, Chittagong Stock Exchange (CSE), also fell sharply with its CSE All Share Price Index - CASPI - plunging by 346 points to settle at 1,6675 and the Selective Categories Index - CSCX - shedding 207 points to finish the week at 10,065.
Of the issues traded, 206 declined, 46 advanced and 51 remained unchanged on the CSE.
The port city's bourse traded 68.04 million shares and mutual fund units with turnover value of Tk 2.66 billion during the week.
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