At least five shops were gutted as a fire broke out at Rasulganj Bazaar in Sadar upazila yesterday morning. Fire brigade sources told BSS that the fire originated from an electric short circuit of a hotel and soon engulfed the adjacent shops. Being informed, two units of fire fighters rushed to the spot and extinguished the blaze after two hour frantic effort, a fire brigade officer said. No actual financial losses were so far known although shop owners claimed that the loss may surpass Taka one crore.