The Dhaka stock market suffered its sharpest single-day decline in six years on Sunday, with the benchmark index DSEX plunging 231 points, or about 4.42 percent, to close at around 5,008 points amid fears of energy supply disruptions linked to the ongoing United States–Israel war on Iran.
Investors rushed to sell shares as concerns grew over rising global oil prices, potential fuel shortages, and broader economic uncertainty stemming from the escalating Middle East conflict
Of the traded stocks, 95% or 371 stocks saw price decline amid sell-offs, only 10 stocks price advanced and 9 stocks price remained unchanged, TBS reported.
At the end of the trading session, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE) lost 231 points or around 4.42% closed to 5,008 points, which is the highest single-day fall since March 2020.
Six years ago, the key index DSEX witnessed a massive plunge amid investors' panic-driven sales due to the fear of the coronavirus impact.
Meanwhile, the DSE's shariah index fell 3.36% or 35 points to 1,013 points and DS-30, the blue-chip index fell 4.55% or 91.53 points to 1,919 points.
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