Stocks keep on tumbling

The index of Dhaka Stock Exchange has come down a step further breaching the 5,000-point psychological barrier after consecutive declines in the last five trading days.

Market analysts said if the downward trend continues, it may have a psychological impact on the investors, prompting them to go for sales in panic.

The DSEX, the benchmark index of the DSE, declined 26.48 points, or 0.52 percent, finishing the day at 5,007 yesterday. The index lost 172 points in the last five trading days.

Analysts said a crisis of confidence, claims of unpaid dues of heavyweight Grameenphone and banks’ liquidity crunch have been pulling the market down.