Dhaka, July 27 -- Stocks plummeted on Wednesday after two-day short-lived, as panic-driven investors dumped their holdings amid growing tension over macroeconomic cues.

The market saw a sharp decline at the opening and tried to recover after one hour but heavy sale pressure sent the index in the deep red zone, plunging below the 6,100-mark further.

Finally, DSEX, the prime index of the Dhaka Stock Exchange (DSE), slid 74.24 points or 1.21 per cent to settle at 6,038, the lowest in 13 months since June 16, 2021.

DSEX recovered about 60 points in the past two days. Before that, the core index shed 315 points in nine days after Eid vacation.

Market insiders said the panic-stricken investors sold their shares as various media reports warn...