Stocks witnessed falling streak for the fourth consecutive week as investors sold their holding amid global panic.
Market analysts said the ongoing global economic crisis has created panic among investors, which was reflected in the stock market.
Several investors were trying to exit the market by selling their shares to avoid further losses, they mentioned.
The investors are in a very tough situation as they are witnessing continuous erosion of their money while some are stuck with heavy losses and cannot get out of it, they said.
The ongoing dollar crisis and rumour of fuel outage also created a negative sentiment among the investors, they said.
However, the prime DSEX index of the Dhaka Stock Exchange (DSE) dropped 146.01 points or 2.38 percent to close at 5,980.51, the lowest in 14 months since June 7, 2021.
DSEX went down more than 396 points in the past four consecutive weeks.
The DS30 Index, comprising blue chip companies, decreased 55.58 points to close at 2,145.25 and the DSES Index fell 36.89 points to finish at 1,308.20. The week's total turnover stood at Tk 31.69 billion on the prime bourse as against Tk 27.70 billion in the previous week.
The daily turnover averaged out at Tk 6.34 billion, up 14.38 percent over the previous week's average of Tk 5.54 billion.
Out of 389 issues traded, 297 declined, 68 advanced and 24 issues remained unchanged on the DSE.
On the other hand, the port city bourse, the Chittagong Stock Exchange (CSE) saw lower growth with its selective category index (CSCX) losing 222 points in the last week to close at 10,542 points.
The All-Share Price Index (CASPI) of the CSE was also lower by 371 points to close at 17,597 points.
Of the 341 issues traded, 62 advanced, 261 declined and 18 remained unchanged on the CSE trading floor.
The port city's bourse traded 34.96 million shares and mutual fund units with turnover value of Tk 78.80 crore during the last week.
