DSE’s sharp fall pushes  investors to street again

Staff Reporter

Hundreds of angry investors took to the street in the capital’s Motijheel area on Wednesday protesting a slump in share prices after an initial gain in the morning. The agitating retail investors brought out processions at 3:00 pm, the closing hour of trading, blocking the roads between Shapla Chattar and Ittefaq crossing that also disrupted vehicular movements in the area.

The investors chanted slogans and demanded resignation of AHM Mustafa Kamal, chairman of the Parliamentary Standing Committee on Finance Ministry, as well as the presidents of DSE and CSE.

The retail investors continued demonstration and street violence for the fourth consecutive day on Wednesday.

Although the market started with a positive sign and maintained the pace to the half way, the market witnessed a free fall in share prices in the remaining session leading the General Index of Dhaka Stock Exchange to going down by 149 points, or 2.2 per cent, to 6,673.

Amid the investors’ protest, vehicular movement on the busy road from Bangladesh Bank to Ittefaq crossing came to a halt soon after the day’s trading closed at 3 pm. However, the traffic movement resumed at around 4:00 pm.

Insiders said comments on share market by the chief of a parliamentary body had cast negative impact on the market.

AHM Mostafa Kamal, chief of the parliamentary standing committee on the finance ministry, on Tuesday said, “Market index was 2,700 when Awami League came to power in 2009. But it abnormally touched 10,000 points in around two years”. [Read More]

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Source: The New Nation - Independent Daily