Military tensions between India and Pakistan have triggered severe instability in Bangladesh's stock market. On Wednesday, the Dhaka Stock Exchange (DSE) faced a major plunge right at the start of trading. Within just 10 minutes, the main index DSEX lost over 70 points.
According to DSE sources, the index dropped more than 50 points within the first five minutes of market opening. By 10 minutes, the DSEX index had declined by 70.97 points or 1.43%.
Meanwhile, the DSES index fell by 17.58 points or 1.61%, and the DS30 index dropped by 20.91 points or 1.14%.
Baraka Patenga Power Limited topped the trading list, followed by NRB Bank and Beach Hatchery Limited in the second and third positions, respectively.
However, the overall market scenario was highly disappointing. At the beginning of trading, the prices of shares of only 9 companies increased, while 334 companies saw their prices fall. Prices of 14 companies remained unchanged.
According to market analysts, the possibility of war between India and Pakistan has created intense fear among investors. This fear has driven them away from investments, seeking safer options, resulting in the sudden market crash.
Experts believe that regional security uncertainties have shaken investor confidence, causing a negative impact on the stock market. They urged investors to remain patient and cautious. Analysts also warned that market instability might continue until the situation stabilizes.
