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Angry investors protest against continued market fall

  • Published at 07:56 pm May 20th, 2018
Investors chant slogans during their protest in front of the Dhaka Stock Exchange in Motijheel on Sunday, May 20, 2018 Dhaka Tribune

Bourses extended the losing streak for 13 straight sessions on Sunday

Angry investors have protested against the continued collapse in stock markets on Sunday.

Share prices at the Dhaka stock Exchange (DSE) plunged by 52.60 points on the first working day of the week to 5,390 points, the lowest in a year.

On the other hand the Chittagong Stock Exchange's (CSE) All Share Price Index fell by 162 points at closing.

DSEX went down by 0.96% to settle at 5,390 points in the latest trading session. In the past 13 consecutive sessions, it lost about 423 points or 7.27%.

Trading remained shaky due to the ongoing bearish trend of the market and the total turnover of DSE was Tk395 crore, down by 20% from the previous day’s Tk493 crore. 

The CSE All Share Price Index settled at 16,642 and the Selective Categories Index - CSCX- fell 96 points to finish at 10,062 points.

Small investors protested in front of DSE Bhaban in Motijheel, blocking the road and chanting slogans.

The demonstration took place at around 2pm under the banner of Bangladesh Biniyogkari Oikko Parishad.

Various kinds of slogan came out from the demonstration due to the continued fall in share prices.

General Secretary of the Oikko Parishad Abdur Razzak said: “A group is manipulating the market to lower the prices and steal money. Small investors are facing massive losses.”

“The matter must be investigated immediately, and the perpetrators have to be identified,” he added.

Razzak feared that the market may never rise back to a stable state ever.

Bourses extended the losing streak for 13 straight sessions on Sunday.