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The key index of the Dhaka Stock Exchange (DSE) slumped to a near five-year low on Wednesday, following significant sell-offs in banking and financial sector shares.
The DSEX has dropped by at least 186 points over the past six trading days.
The DSEX, the benchmark index of the DSE, dropped by 62.73 points to settle at 4,615.41 — marking its lowest level in 57.6 months. The last time the index dipped below this level was on August 10, 2020, when it stood at 4,533.055.
Market sentiment remained firmly bearish, driven by persistent selling pressure on major stocks, pushing all key indices into the red.
The DS30 Index, which represents blue-chip stocks, lost 15.81 points to close at 1,708.36, while the DSES Index, comprising Shariah-compliant companies, shed 16.29 points to end at 1,008.14.
Turnover, a key gauge of market activity, stood at Tk 2.65 billion — down 2.84 per cent from the previous session — reflecting cautious investor participation.
Out of 398 issues traded on the DSE, 63 advanced, 295 declined, and 40 remained unchanged.
Beach Hatchery Limited led the turnover chart, with shares worth Tk 104.56 million changing hands. Other active stocks included Fu Wang Food, Orion Infusion, BRAC Bank, and NRB Bank.
The Chittagong Stock Exchange (CSE) also closed lower, with the All Share Price Index (CASPI) falling by 138.75 points to 13,026, and the Selective Categories Index (CSCX) dropping 90 points to 7,943.5.
The port city bourse witnessed a turnover of Tk 185.29 million, with 5.4 million shares and mutual fund units traded.