The Dhaka Stock Exchange (DSE) experienced a significant downturn, with a turnover of Tk 297 crore, marking a 20% decrease from the previous session. This drop is attributed to heightened political tensions ahead of the national election, dissuading investors from entering the market.
Additionally, the central bank’s decision to raise interest rates on loans has led to increased borrowing costs, contributing to liquidity shortages in the capital market. The DSE’s key index, DSEX, fell by 6 points to close at 6,202, while the Chittagong Stock Exchange’s (CSE) all-share price index (CASPI) decreased by 16 points to 18,405. Despite the overall decline, Zeal Bangla Sugar, a loss-making company, saw a notable 9.94% share price hike.