Dhaka stocks sink for 2nd straight day

Dhaka stocks witnessed a massive fall on Sunday for the second straight day since the Russia-Ukraine fight began on Thursday.

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), shed 163 points or 2.38 percent to settle at 6676.

Almost all stocks, be it large or mid-cap, declined on the day.

The market closed the week on Thursday with a big fall in their indices on the news that Russia invaded Ukraine and its consequences on energy and commodity prices.

After two weekly holidays markets opened on Sunday with the hope that Dhaka stocks will rebound like elsewhere in the world. But once again Bangladesh’s stock market showed it is different from the rest of the world.

In the first five minutes into the trade, DSEX shed over 100 points or around 1.5 percent.

Global stocks rebounded strongly on Friday in the US, Asia and Europe riding on the sanction news on Russia.