Stocks plummeted on Sunday as shaky investors went on selling shares fearing further fall of share prices.
Analysts blamed shrinking of foreign investment, fear of political turmoil ahead of national election coupled with thin participation of institutional investors for the tumble.
Investors' appetite for shares of recently listed Indo-Bangla Pharmaceuticals continued to lose after its debut trading day on October 18, sending its stock prices 11.81 per cent down to Tk 29.10 a share on Sunday.
The issue was also the biggest loser on the day.
The market opened on negative note and the downturn intensified amid countrywide transport strike.
Finally, the key index of the major bourse eroded more than 69 points.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 69.80 points or 1.32 per cent to settle at 5,212. It was the lowest level of DSEX in 22 months since January 08, 2017.
The two other indices-the DS30 index and the DSE Shariah Index (DSES)-also saw sharp decline.
The DS30 index, comprising blue chips, slumped 23.22 points to finish at 1,852 and the DSE Shariah Index shed 13 points to close at 1,210.
Trading activities also came down to Tk 3.72 billion which was 12 per cent lower than the previous session's Tk 4.25 billion.
According to International Leasing Securities, the benchmark index of the Dhaka bourse observed a major setback amid daylong selling frenzy.
The stockbroker noted that the ongoing year-end dividend declarations and quarter-end earnings disclosures might have failed to meet the investors' expectation.
The textile sector dominated the day's turnover chart, grabbing 17 per cent of the day's total turnover, closely followed by banking with 16 per cent and power 13 per cent.
The banking sector witnessed the highest loss of 1.79 per cent, followed by financial institutions with 1.38 per cent, engineering 1.30 per cent, pharmaceuticals 0.57 per cent, power 0.46 per cent and telecommunication 0.22 per cent.
Only food & allied sector saw 0.29 per cent positive return.
Of the 339 issues traded on the DSE trading floor, 247 closed lower, 64 issues ended higher and 28 issues remained unchanged.
A total number of 101,648 trades were executed in the day's trading session on the DSE with trading volume of 110.76 million securities.
The market capitalisation of the DSE also came down to Tk 3,813 billion on the day which was Tk 3,845 billion in the previous session.
Khulna Power Company topped the DSE turnover chart with 1.92 million shares worth Tk 242 million changing hands.
The other turnover leaders were Monno Ceramic Industries, Shahjalal Islami Bank, BBS Cables and Active Fine Chemicals.
Mozaffar Hossain Spinning Mills was the day's best performer, posting a gain of 10.61 per cent.
The port city bourse, the Chittagong Stock Exchange (CSE), saw steep decline with its CSE All Share Price Index-CASPI-shedding 217 points to settle at 16,030 and the Selective Categories Index - CSCX -slumping by 128 points to finish at 9,714.
The losers beat gainers as 160 issues closed lower, 42 ended higher, with 23 issues remaining unchanged on the CSE.
The port city bourse traded 6.75 million shares and mutual fund units worth more than Tk 149 million in turnover.
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