Dhaka, July 2 -- The stock market passed yet another gloomy year as the core index of the Dhaka Stock Exchange (DSE) eroded more than 26 per cent in the outgoing Financial Year (FY) 2019-20.

After the stock market crash in 2010-2011, the government came up with some instant market supportive measures. The market even after 10 years of a fragile journey failed to get a strong foothold, as investors were discouraged by one issue after another.

Market operators said the market has been in the doldrums throughout the FY 2019-20 amid investors' confidence crisis while liquidity crunch in the banking sector, gloomy macroeconomic outlook and Covid-19 outbreak exacerbated the situation.

The stock market stepped into the new FY 2020-21 amid con...