The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), increased by 33 points over the past week, but the banking sector failed to regain momentum despite the rise in the index.
A weekly analysis of the DSE report reveals that during the five trading days, both the share prices and turnover in the banking sector declined.
The prices of shares of the 36 listed banks dropped by an average of nearly 5%.
Besides, turnover in the sector decreased by 8% compared to the previous week, reflecting waning investor interest.
Previously regarded as a safe investment, the banking sector has been losing the trust of general investors due to a persistent decline in its performance.
Over the past week, the number of shares traded in this sector dropped by 11.89%.
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Alongside this, most shares linked to S. Alam Group saw a downward trend throughout the week.
Apart from banking, the financial institutions sector also experienced a significant decline, with share prices falling by 29.85% during the week.