Stock ends week in red

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BSS, Dhaka :
Dhaka stock market closed Thursday in red even after showing some higher activities in few trading sessions.
DSEX, the benchmark price index of Dhaka Stock Exchange (DSE), lost over 40 points to close the week at 4472.13 when the blue-chip DS30 and the Shariah DSES finished lower at 1703.06 and 1088.79 respectively.
“This week started with positive momentum on hope of improvement in political situation. However, index dragged sharply in the last couple of days of the week after announcement of renewed countrywide strikes (except Dhaka and Chittagong)”, said Lanka Bangla Securities Limited.
IDLC Investment said market remained down when short-term strategy appeared the primary strategy and investors went for short-term gain instead of long term goals.
Investors were cautious throughout the week when they booked moderate return from some value stocks from different sectors, including fuel and power, telecom and pharmaceutical.
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