DSEX drops record 208 points in a day amid Middle East tensions
Market observers said trading may remain volatile in the coming sessions, depending on developments in the Middle East and global energy markets.
The benchmark index DSEX of the Dhaka Stock Exchange (DSE) witnessed a sharp fall in early trading today (3 March) as investors reacted to fears of fuel supply disruptions stemming from escalating tensions in the Middle East.
During trading session, the DSEX plunged 208 points to stand at 5,325. The blue-chip index DS30 also declined sharply, shedding 87 points to 2,048.
Market breadth remained heavily negative, with 346 issues declining, 31 advancing, and 14 remaining unchanged.
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Market insiders attributed the downturn to growing concerns over Bangladesh's heavy reliance on imported liquefied petroleum gas (LPG) and other fuels. Qatargas has reportedly halted production, while rising tensions involving Iran, the United States, and Israel have heightened uncertainty around the Strait of Hormuz corridor.
The escalating geopolitical conflict has already driven up global gas and oil prices, raising concerns that Bangladesh's import costs could rise significantly.
Analysts warned that any disruption in fuel imports could hamper power generation and industrial output, potentially slowing overall economic activity. Amid such uncertainty, investors adopted a cautious stance, triggering widespread selling pressure across the market.
Market observers said trading may remain volatile in the coming sessions, depending on developments in the Middle East and global energy markets.
