Dhaka, May 7 -- The country's stock market has suffered a major blow, with the Dhaka Stock Exchange (DSE) index dropping by a staggering 150 points in a single day.

Market insiders have largely attributed the fall to rising tensions between Pakistan and India, while others believe that rumours were deliberately spread to destabilise the market.

On Wednesday ( May 7), within the first two hours of trading, the DSE's benchmark index dropped by 120 points.

The downward trend continued throughout the day, with the session ending at a 149-point loss.

Abu Ahmed, Chairman of the Investment Corporation of Bangladesh (ICB), a major financier of the capital market, said, "The impact of Indo-Pak tension is clearly visible in the market. This sha...