DSE extends losing streak as profit-taking pulls benchmark index lower

BSS
Published On: 08 Jul 2026, 17:54

DHAKA, July 8, 2026 (BSS) - The benchmark index of the Dhaka Stock Exchange (DSE) today extended its correction for a second straight trading session as investors booked profits in blue-chip stocks following recent gains, although selective buying in momentum-driven shares helped limit the overall decline.

The broad-based DSEX index fell 11 points to close at 5,770, down from 5,781 in the previous session.

The market opened on a weak note amid profit-taking pressure, particularly in large-cap stocks, which dampened investor sentiment. 

However, buying interest in selected low-cap and momentum-driven stocks during the latter part of the session enabled the market to recover some of its early losses. Despite the rebound, sustained selling in key index-heavy stocks kept the benchmark in negative territory.

Market turnover declined by 16.7 percent to Taka 11.6 billion compared with Taka 13.8 billion in the previous trading session, reflecting relatively subdued trading activity.

The textile sector accounted for the largest share of turnover at 21.0 percent, followed by general insurance (9.6 percent) and engineering (8.8 percent).

Sectoral performance remained mixed. The travel sector posted the highest gain of 2.8 percent, followed by information technology (2.1 percent) and textiles (1.4 percent). On the downside, financial institutions declined 1.3 percent, while cement and banking sectors fell 1.1 percent and 0.9 percent, respectively.

Out of 396 traded issues, 145 advanced, 187 declined, and 64 remained unchanged, indicating that declining stocks outnumbered gainers.

Meanwhile, the Chittagong Stock Exchange (CSE) also ended the day lower, with the CSCX index shedding 33.3 points and the CASPI index falling 47.2 points, mirroring the cautious sentiment seen in the broader equity market.

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