Dhaka, Nov. 8 -- Toggle navigation

Stocks continued their downward trajectory this week, falling below the psychological threshold of 5,000-mark for the first time in four months amid persistent bearish sentiment.

Market analysts said investors had been suffering from a confidence crisis for a long time, while the news of the dissolution of the boards of five crisis-hit Islamic banks exacerbated the market situation.

On Wednesday, the Bangladesh Bank announced the dissolution of the boards of First Security Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, and Exim Bank, and appointed administrators to formally begin the merger process to create 'Sammilito Islami Bank'. As a result, stocks of these five banks dropped up ...