Stocks extend losses

Most shares on the Dhaka Stock Exchange fell yesterday amid persisting uncertainty, deepening energy crisis and runaway inflation.   

The DSEX Index, the benchmark index of the Dhaka Stock Exchange, declined for the seventh consecutive day as it closed at 6,138 after losing 14.39 points, or 0.23 per cent.

The DSES Index, which represents Shariah-based companies listed on the bourse, lost 0.13 per cent to 1,346, while the DS30 Index, which consists of the blue-chip companies, declined 0.32 per cent to 2,206.

Of the securities that changed hands at the premier bourse of Bangladesh, 110 advanced, 218 declined and 53 did not see any price movement.

The stocks extended their losing streak amid a confidence crisis, said International Leasing Securities Ltd, a brokerage house, in its daily market review. 

Investors' confidence has been dented for the dragging war in Ukraine, which has caused energy crisis and supply chain disruptions and sent inflation to record levels in Bangladesh and many other countries.