Dhaka, Bangladesh (BBN) – Asian Shares remained bearish throughout the week, ended on Thursday due to the economic uncertainty in the euro zone and the U.S.
The Nikkei average started the week with a rise riding on optimism about the new agreement among the EU leaders for deeper economic integration, a weekly market update said.
However, the deal failed to convince investors as it didn’t have any long term solution to tackle the debt crisis. Moreover, as Federal Reserve kept its monetary policy on hold it caused the Nikkei average to dip breaking its 25-day moving average.
For the week, Nikkei average lost around 3.0 percent and stood at 8,377.37 points on Thursday, the update said, adding that BSE sensex came down to 15817.78 points the week from 16,836.43 points of the previous week.
Locally, Dhaka stocks gained over week. The benchmark general index of the Dhaka Stock Exchange, generally known as DGEN, gained 67.88 points or 1.37 percent over the week.
BBN/SSR/AD-16Dec11-9:05 pm (BST)