Stocks continued their downward trajectory this week, with the benchmark equity index of the Dhaka Stock Exchange (DSE) plunging below the 5,600 mark for the first time in three years, despite regulatory efforts to stem the market decline. Since the lifting of the floor price in January, the key DSE index shed 818 points, while market capitalization was wiped off by Tk 884 billion. The BSEC implemented a measure on 24th April, restricting individual stocks from falling more than 3% in a single day, down from the previous 10% limit.
This week, the benchmark DSE index saw a sharp 2.96% fall, settling at 5,518, the lowest level in three years. The blue-chip DS30 index plunged 10 points to 1,974, while the DSES Index shed 29 points to 1,217. Despite regulatory initiatives, investor sentiment failed to rebound, although bargain hunters showed some buying appetite for small paid-up stocks.
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