Stocks decline as cautious selling continues

Business Desk:

Stocks ended lower on Tuesday as persistent cautious selling dragged most stocks into negative territory.

The DSE’s prime index decreased by 37.66 points, closing at 5,132.01.

The equity indices of the Dhaka Stock Exchange experienced a steep decline for the second straight session, indicating shaky investor confidence amid ongoing economic uncertainties, according to EBL Securities.

The blue-chip index DS30, comprising 30 leading companies, decreased by 18.52 points to 1,893.45, while the DSES Index, representing Shariah-compliant companies, decreased by 10.57 points to 1,155.65 by the close.

Although the market showed early signs of resilience, a persistent cautious selling trend eventually dragged most stocks back into negative territory.