Dhaka, Nov. 16 -- The market cap of the Dhaka Stock Exchange (DSE) is now at its lowest since FY21 amid persistent erosion of equity values and a drought of initial public offerings (IPOs).

That means the new Bangladesh Securities and Exchange Commission (BSEC), after taking over responsibilities, has failed to adopt any policy that could elevate the market.

The DSE's market capitalisation was equivalent to $55.24 billion on Thursday, and the market cap-to-GDP ratio was 11.68 per cent, considering the latest figure of GDP for FY25.

The market cap-to-GDP ratio was 14.56 per cent in FY21.

The DSE's existing market cap includes the market values of 653 listed securities, comprising 360 listed companies and 37 mutual funds. The market cap...