বাংলা ক্লিক এখানে
A steep fall in share prices sent hundreds of investors out on the street in Motijheel to protest the plunge yesterday, with many taking to vandalism for the second day. They vowed to continue their demonstration until the market bounces back.
The General Index (DGEN) of Dhaka Stock Exchange came down to 6,394 points, registering a 324 points or 4.8 percent fall at the end of a four-hour trading session yesterday.
With yesterday's fall, the market remained in the red for a third trading session, marking a cumulative drop of 915 points.
As the incessant slump in stock prices creates frenzy, the government is blaming it on the main opposition.
Prime Minister Sheikh Hasina said the BNP has kicked up issues to call hartal by playing tricks in the share market and hoarding essential commodities resulting in a price spiral.
Although the freefall shaped up into a big headache for many, the government appears to be unfazed in the face of it, angry investors said.
Although the investors started gathering in front of the premier bourse from the opening bell of the trading session, the demonstration began at around 1:30pm after the DGEN plunged over 300 points.
The aggrieved investors set fire to paper and wood, burnt an effigy of the finance minister, and chanted slogans demanding resignations of the finance minister, central bank governor, market regulator's chairman and presidents of two bourses.
They also smashed up a bus and a pickup van in the area and broke windowpanes of some buildings adjacent to the DSE by throwing brickbats.
"My portfolio has been wiped out by 75 percent. I have invested Tk 20 lakh, but now the value is Tk 5 lakh only," said Mizanur Rahman, a shocked investor who was in tears. "I am losing everything. I don't know what to do.”
Many others were expressing their feelings the same way, most of whose money was lost to the recent slump in share prices.
Stockbrokers said share prices kept declining without any let-up. "Frightened investors started offloading the shares from the opening bell. Sliding confidence of investors prompted huge sell pressure and buyers were inactive in fear of further debacle," a leading stockbroker said in its regular analysis.
Losers outnumbered gainers by 241 to 12, with two securities remaining unchanged on the DSE that traded more than 5.47 crore shares and mutual fund units at a value of Tk 609 crore.
Meanwhile, the Securities and Exchange Commission (SEC) has withdrawn a suspension order on trading of five stockbrokers.
The stockbrokers are: Al Arafah Islami Bank, Dhaka Bank Securities, NCC Bank Brokerage, PFI Securities, Alliance Securities and Management, and IIDFC.
Earlier, the SEC suspended the stockbrokers' trading activities for 30 days on charges of their involvement in the ongoing volatility in the secondary market.
However, the probe activities on these firms by the SEC will continue.
"Considering the current market situation and investors' interest, the commission has decided to withdraw the trading suspension on these stockbrokers," said Saifur Rahman, a spokesman and executive director of the SEC.
A steep fall in share prices sent hundreds of investors out on the street in Motijheel to protest the plunge yesterday, with many taking to vandalism for the second day. They vowed to continue their demonstration until the market bounces back.
The General Index (DGEN) of Dhaka Stock Exchange came down to 6,394 points, registering a 324 points or 4.8 percent fall at the end of a four-hour trading session yesterday.
With yesterday's fall, the market remained in the red for a third trading session, marking a cumulative drop of 915 points.
As the incessant slump in stock prices creates frenzy, the government is blaming it on the main opposition.
Prime Minister Sheikh Hasina said the BNP has kicked up issues to call hartal by playing tricks in the share market and hoarding essential commodities resulting in a price spiral.
Although the freefall shaped up into a big headache for many, the government appears to be unfazed in the face of it, angry investors said.
Although the investors started gathering in front of the premier bourse from the opening bell of the trading session, the demonstration began at around 1:30pm after the DGEN plunged over 300 points.
The aggrieved investors set fire to paper and wood, burnt an effigy of the finance minister, and chanted slogans demanding resignations of the finance minister, central bank governor, market regulator's chairman and presidents of two bourses.
They also smashed up a bus and a pickup van in the area and broke windowpanes of some buildings adjacent to the DSE by throwing brickbats.
"My portfolio has been wiped out by 75 percent. I have invested Tk 20 lakh, but now the value is Tk 5 lakh only," said Mizanur Rahman, a shocked investor who was in tears. "I am losing everything. I don't know what to do.”
Many others were expressing their feelings the same way, most of whose money was lost to the recent slump in share prices.
Stockbrokers said share prices kept declining without any let-up. "Frightened investors started offloading the shares from the opening bell. Sliding confidence of investors prompted huge sell pressure and buyers were inactive in fear of further debacle," a leading stockbroker said in its regular analysis.
Losers outnumbered gainers by 241 to 12, with two securities remaining unchanged on the DSE that traded more than 5.47 crore shares and mutual fund units at a value of Tk 609 crore.
Meanwhile, the Securities and Exchange Commission (SEC) has withdrawn a suspension order on trading of five stockbrokers.
The stockbrokers are: Al Arafah Islami Bank, Dhaka Bank Securities, NCC Bank Brokerage, PFI Securities, Alliance Securities and Management, and IIDFC.
Earlier, the SEC suspended the stockbrokers' trading activities for 30 days on charges of their involvement in the ongoing volatility in the secondary market.
However, the probe activities on these firms by the SEC will continue.
"Considering the current market situation and investors' interest, the commission has decided to withdraw the trading suspension on these stockbrokers," said Saifur Rahman, a spokesman and executive director of the SEC.