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Dhaka stocks extend falling streak to 8th day

Dhaka stocks extend falling streak to 8th day
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Stocks break gaining streak

The stock index in Bangladesh yesterday broke out of a gaining streak of four sessions while turnover of Dhaka Stock Exchange (DSE) tumbled to reach less than Tk 600 crore. ....

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Bank stocks drop for higher provisioning requirement

Bank stocks drop for higher provisioning requirement
Star Business Report
Star Business Report
Most banking stocks dropped yesterday, fuelled by apprehensions of a reduction of profits of lenders centring a Bangladesh Bank decision directing them to keep aside extra provisioning.
However, the DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 20.59 points, or 0.40 per cent, to 5,147.
The lenders must keep an extra 1 per cent in provisioning than what they now maintain for their unclassified loans, according to a central bank s notice published last week.
Withnerves being rattled, stock investors were on a selling spree, said stock market analysts, adding that the BB decision would turn out to be good for the banking sector in the long run. ....

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