There has been a massive price drop in Bangladesh’s stock market. Yesterday, Wednesday, the South Asian country’s main stock market, Dhaka Stock Exchange (DSE), lost 381 of the 393 stocks and mutual funds traded. As a result, the main price index DSEX lost 149 points or 3.02 percent to 4802 points.

Considering the rate, yesterday’s fall was the highest since July 23, 2013. The second stock market, CSE (Chattogram Stock Exchange), also saw a price drop.

Some stock market experts believe that the India-Pakistan war situation may be behind the price drop. Yesterday, there was a big price drop in the Pakistani stock market as well. Although the Indian stock market initially fell, the index eventually rose slightly.

This did not have a negative impact on any other stock market in the world. The Bangladesh market is constantly falling due to lack of confidence for various reasons.

In the context of the bad situation in the country’s stock market, a high-level meeting has been called with Chief Advisor Dr. Muhammad Yunus. The meeting will be held next Sunday. The Financial Institutions Division (FID) of the Ministry of Finance convened the meeting on Tuesday.

Yesterday’s trading observation showed that trading in the Dhaka stock market started with a decline in prices. Almost all shares lost their prices in the first 15 minutes. In just 5 minutes, the main index DSEX lost 50 points. This created panic among everyone.

After 13 minutes, it lost another 44 points, making it 94 points. Then, a slight attempt was seen to turn around. In the end, with almost all shares falling, the DSEX lost 149 points to 4,802 points. The index’s position is the lowest since August 25, 2020.

Mohammad Moniruzzaman, Managing Director of broking house Prime Bank Securities, said that from the beginning to the end of yesterday’s trading, there was no other negative news other than the India-Pakistan conflict. Therefore, everyone considers this to be the reason for the decline in prices. There is no other explanation beyond that.

Abu Ahmed, chairman of state-owned investment company ICB, said that the Russia-Ukraine war had a huge impact on the Bangladesh stock market earlier. However, the impact of the India-Pakistan war is not like that war. According to him, there is widespread disappointment among investors, which has been reflected on a large scale.

In the first 15 minutes of yesterday’s trading, shares worth about Tk 90 crore were traded. Of this, the amount traded in shares of a small-cap company called Beach Hatchery was about Tk 15 crore. The fall in the price of this share did not have much impact on the index.

The fall in the price of shares of large-cap companies, including Islami Bank, Walton, BAT Bangladesh, BRAC Bank, Beximco Pharma, Grameenphone, etc., had a big impact on the index.