B Mirror Report: The country’s two stock exchanges, the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), extended their losing streak today as cautious investors continued to react to ongoing uncertainties linked to Middle East tensions, prompting a broad-based selloff.

The benchmark DSEX index of the DSE dropped by 44.2 points, closing at 5,272 compared to 5,316 in the previous session. The market began the day on a weak footing, with selling pressure dominating from the opening bell.

Although there was a brief attempt to recover from the early losses, the market remained under persistent downward pressure throughout the trading session, with the majority of stocks ending in the red.

Despite the decline, turnover on the DSE rose by 7.1 percent to Tk 6.4 billion, up from Tk 6.0 billion in the previous session, indicating continued trading activity.

Sector-wise, pharmaceutical stocks led turnover with 17.6 percent, followed by engineering at 12.9 percent and banking at 9.9 percent. Performance across sectors was mixed, with paper, ceramic, and mutual fund sectors posting modest gains, while travel, banking, and cement sectors experienced notable corrections.

Out of 397 traded issues, 114 advanced, 245 declined, and 37 remained unchanged, reflecting the overall bearish sentiment in the market.

Meanwhile, the CSE also ended in negative territory, with its Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) falling by 165.4 points and 245.9 points respectively, mirroring the downturn seen in the DSE.