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Stocks keep losing amid dull trading

FE Report | September 05, 2019 00:00:00


Stocks extended the losing streak for the six consecutive sessions on Wednesday worried investors continued on selling binge on large-cap shares.

Five heavyweights stocks -- Grameenphone, BATBC, Square Pharmaceuticals, GlaxoSmithKline and United Power-led the day's slump, contributing more than 25 points fall, said an analyst.

The market started with a positive vibe and added 16 points in the prime index within the first 20 minutes, but then the index exhibited a sharp fall that continued till the end.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange, went down by 20.68 points or 0.41 per cent to settle at six weeks low at 4,986.

The port city's bourse, the Chittagong Stock Exchange, also closed lower with its All Shares Price Index (CAPSI) -- CASPI-- losing 88 points to close at 15,213 and the Selective Categories Index - CSCX - shedding 54 points to finish at 9,235.

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