Dhaka stocks end 8-week winning run

Business Desk:

Dhaka stocks snapped their eight-week winning streak last week owing to the negative performance of banking and other sector shares.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped 35.35 points, or 0.65 percent, to close the week at 5,408.07.

Market movement was influenced by declines in the market capitalisation of bank, general insurance, and financial institution scrips, offsetting gains in fuel and power, pharmaceuticals and chemicals, and life insurance scrips, according to a weekly market review by Shanta Securities.
The DS30, which tracks blue-chip stocks, fell 0.79 percent to 2,097.70, while the DSES, comprising Shariah-compliant companies, edged down 0.02 percent to 1,170.43, DSE data showed.