The Dhaka Stock Exchange (DSE) experienced a significant downturn on 27th March, with its benchmark index falling below the 5,800 mark for the first time in over three years. Over the course of three consecutive days, the DSEX lost 179 points, culminating in a closing down 71 points at 5,762, the lowest since May 12, 2021. Similarly, the Chittagong Stock Exchange saw declines, with its selected indices, CSCX and CASPI, dropping by 72 points and 124 points, respectively.
Since the removal of the floor price restriction in January, the DSE’s major index has plummeted by 572 points, leading to a market capitalization erosion of Tk1,08,707 crore, reaching Tk6.79 lakh crore. Concerns have arisen regarding the potential re-appointment of the current chairman and commissioners of BSEC, contributing to market uncertainty. Amidst these challenges, false rumors circulating online have prompted the regulatory body to warn against market disruption and potential legal action against those spreading misinformation.
BIZDATAINSIGHTS
Bizdata Insights is a Market Insights, Data Intelligence and Business Advisory Platform
Our Solutions
Menu
Newsletter
Sign up for our newsletter now by entering your e-mail address and never miss out on the latest news and updates from our team!