Bangladesh's stocks keep losing streak for two weeks
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Dhaka, Bangladesh, Sept. 8 -- Bangladesh's stocks extended the losing streak for the two consecutive weeks that end on Thursday as worried investors continued to dump their holdings to prevent further losses.
A lack of investor confidence, the telecom regulator's wrangling with Grameenphone (GP), soaring non-performing loans and falling portfolio investment were among the factors behind the latest erosion in stock prices, according to market operators.
GP, the largest listed company in terms of market capitalisation, wiped out 5.29 per cent during the week to close at BDT 295.50 each on Thursday.
Week-on-week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 82.76 points or 1.62 per cent to close at 5013.Two other ...
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