Dhaka, May 8 -- Dhaka stocks experienced their steepest decline in more than four years on Wednesday, as escalating geopolitical tensions between India and Pakistan sparked widespread investor panic and heavy sell-offs.
The benchmark DSEX index of the Dhaka Stock Exchange (DSE) plunged by 149.31 points, or 3.015 per cent, to close at 4,802.42. This marks the largest single-day fall since 4 April 2021, when the index dropped by 3.44 per cent. Wednesday's close also represents the index's lowest level since 25 August 2020, when it stood at 4,781.57.
"Stock markets are highly sensitive to geopolitical developments. While the India-Pakistan conflict is unlikely to have a direct economic impact on Bangladesh, such tensions typically incite fea...