The Dhaka bourse continued its losing streak for the fourth session in a row yesterday due to a downturn in bank and non-bank financial institutions' shares.

The benchmark index—DSEX—fell 0.12 percent or 7.78 points to 6,196.65 although the daily market turnover increased 13.49 percent to Tk 491 crore compared to the previous day.

Banking stocks remained subdued due to a selling pressure to book profit, a senior executive of a merchant bank "It is a common practice among banks to realise gain at the yearend and show profit on their balance sheets, he said.

"T he session started on a bullish note and witnessed a fall amid correction in heavyweight sectors like telecom," UCB Capital Management said in its daily market analysis.

Banking equities led the turnover by contributing 16.01 percent to the total turnover.

Among the major sectors, banks posted gain of 0.41 percent while telecom witnessed losses of 0.44 percent. Grameenphone was the highest traded share with a turnover of Tk 18.96 crore followed by Doreen Power with Tk 18.41 crore.

Meanwhile, Aramit Gement and Legacy Pootwear were asked by the DSE about the unusual price hike of their shares.

Legacy Pootwear has seen a 27.62 percent price hike in the last one week and each share of the company traded at Tk 61.80 yesterday. "We have no information as to what has caused the upward trend," the company said.

For maintenance, Legacy Footwear sus- pended its production till January' 10, 2018. Therefore, the company requested the shareholders to consider the actual situation before making any investment. The paid-up capital of the company isTk 11.37 crore now.

Each share of Aramit Cement lostTk 1.40 or 4.27 percent yesterday to close at Tk 31.40, after gainingTk4.80 or 17.14 percent in consecutive four sessions.

Aramit said there was no undisclosed price sensitive information behind the recent unusual price hike. The paid-up capital of the company' now stands at Tk 33.88 crore.