Dhaka stocks slide as market breadth stays negative

Equities on the Dhaka Stock Exchange (DSE) declined in morning trade today, extending their losing streak for the third consecutive session.

The DSEX, the main gauge of the premier bourse, declined 14.44 points, or 0.26 percent, to 5,362.56 by 11:44 am, according to DSE data.

Sentiment was negative, with the Shariah-compliant DSES and the blue-chip DS30 indices edging lower.

Turnover, a key measure of investor participation, stood at Tk 283.27 crore at the time.

Market breadth was largely negative, with 139 issues advancing against 171 declining, while 84 remained unchanged.

Pioneer Insurance Company surged 9.94 percent to top the gainers' list, while Union Bank shed 9.09 percent, marking the biggest fall of the session so far.