Dhaka, Feb. 19 -- Stocks closed the week on a sharp downturn on Thursday as key indices at both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) fell significantly, with most listed companies witnessing price erosion and overall turnover declining.

The market failed to rebound on the last trading day despite three consecutive sessions of losses. The benchmark DSEX index of the Dhaka bourse shed 53 points at the close after remaining in the red throughout the session.

The Shariah-based DSES index lost 10 points, while the blue-chip DS30 index declined by 12 points.

Losers dominated the DSE trading floor, as prices of 313 companies declined against 46 gainers, while 33 issues remained unchanged.

The turnover at the...