Dhaka, May 28 -- 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, compri...