Dhaka stocks sustained losses for the fifth consecutive session amidst investor reluctance stemming from economic uncertainties linked to Middle East tensions. The DSEX, Dhaka Stock Exchange’s benchmark index, declined by 32 points to 5,663, while the DS30, representing blue-chip stocks, dropped 2 points to 1,982. Concerns loom over potential regulatory measures like imposing a floor price to curb the downturn amid Middle East escalations, alongside apprehensions regarding bank mergers and potential corporate earnings setbacks due to interest rate hikes. The prevailing bearish sentiment persists, with most stocks continuing their correction mode, reflecting pervasive pessimism on the trading floor amid an uncertain market outlook. Despite this, cautious investors are monitoring forthcoming corporate earnings announcements and exploring quick gain opportunities amidst the extended market corrections.
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