ALBAWABA - Stock indexes recorded the highest boost for the first time since March 2020 in Bangladesh. This increase was marked right after Prime Minister Sheikh Hasina resigned and fled the country amid big protests.
Bangladesh records a high boost in stock index
The country documented a massive boost in its stock’s indexes in the past few days after Sheikh Hasina, the former Prime Minister, resigned and left the country. As per Bloomberg, Dhaka Stock Exchange Broad Index Today (DSEX) recorded an increase of 4.8% on Tuesday.
As per Bloomberg, Dhaka Stock Exchange Broad Index Today (DSEX) recorded an increase of 4.8% on Tuesday. (Shutterstock)
Regardless of this recent boost, the index is still 13% below last year’s average. It is worth noting that the country’s economic activity was damaged by the recent wave of protests that have been taking place since the parliamentary elections last January.
Sheikh Hasina resignation
The recent protests and escalation in Bangladesh were marked by the resignation of Bangladesh's "Iron Lady", Prime Minister Sheikh Hasina. Hasina resigned and fled the country to India in a military helicopter after spending 15 years in power.
Bangladesh’s economy witnessed a great thrive during her presidency and the country witnessed mass arrests of her political opponents.
Bangladesh is currently undergoing talks to form a temporary government, the citizens have been urged to stop violence and trust the military powers as reported by Reuters.
