Stocks open lower as investors weigh earnings, geopolitical risks
Bangladesh, Oct. 12 -- Stocks opened lower on Monday as investors remained cautious amid lacklustre corporate earnings and escalating geopolitical tensions in the Middle East. Concerns over the economic impact of the latest fuel price hike also weighed on market sentiment.
The Dhaka Stock Exchange's (DSE) benchmark DSEX index fell 25 points, or 0.46 per cent, to 5,425 at 11:10 am when the report was filed.
The blue-chip DS30 index shed 8 points to 2,095, while the DSES index, which tracks Shariah-compliant companies, declined 5 points to 1,075.
Market breadth remained negative, with 255 issues declining, 68 advancing and 75 remaining unchanged on the DSE.
Turnover stood at Tk 1.32 billion at the time, indicating continued trading act...
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