DHAKA — Bangladesh’s stock market is hovering at its lowest range since the COVID-19 pandemic, with investors having lost confidence in the economy of the South Asian nation, coupled with uncertainties in the political situation.
In the 76 trading days between Aug. 11 and Nov. 28, under an interim government led by Nobel laureate and microcredit pioneer Muhammad Yunus, indices on the Dhaka Stock Exchange fell on 46 days. The benchmark Dhaka Stock Exchange Broad Index (DSEX) dropped 18.5% by late October from its recent high on Aug. 11., and about 67.29 billion taka ($562 million) worth of market value was lost during this period.