Dhaka, Oct. 5 -- Amid persistent volatility in the equity market, as many as 62,552 beneficiary owners' (BO) accounts have been closed over the past nine months, reflecting investors' growing frustration and reduced participation.

According to data from Central Depository Bangladesh Ltd (CDBL), the number of active BO accounts stood at just over 1.29 million as of September 30, down from nearly 1.36 million at the beginning of the year.

The closures occurred despite the benchmark index of the Dhaka Stock Exchange (DSE), DSEX, recording a gain of 3.77 per cent or 197 points during the period.

Market insiders attribute the trend to declining investor confidence driven by erratic market behaviour and a prolonged absence of initial public ...