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Dhaka stocks extend losses for third day

FE REPORT | July 16, 2020 00:00:00

Dhaka stocks extended the losing streak for the third straight session on Wednesday as investors remained watchful amid ongoing virus scare.

The market opened on positive note and the prime index reversed the trend later which continued till the end as the shaky investors liquidated their holdings from most of the major sectors.

At the end of the session, DSEX, the key index of the Dhaka Stock Exchange, went down by 3.07 points or 0.07 per cent to settle at 4,079.

Market analysts said cautious investors continued their profit booking sell-offs as many investors remained worried about the adverse impact of the pandemic on the macro-economic indicators of the country.

The DSE Shariah Index also shed 1.91 points to close at 950. However, the DS30 index, comprising blue chips, advanced 1.04 points to finish at 1,375.

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