Aggrieved Bangladesh investors block downtown as shares plunge
Dhaka, Bangladesh (AHN) – Hundreds of agitated investors have blocked thoroughfares in downtown Dhaka all week protesting a lengthy plunge in the stock market.
Aggrieved investors demonstrated Wednesday in the capital’s commercial hub protesting price free-falls in the Dhaka Stock Exchange (DSE). Simultaneous protests were also held in Chittagong, the country’s second largest city.
The disgruntled small investors took to the streets for the fourth consecutive day, when the general index shed 154 points on Wednesday, the lowest since Jan. 21, 2010.
Riot police in flak jackets armed with shot guns and tear gas were deployed around the bourse. The police however, did not intervene.
The stock market, on a low for almost a year now, has been the subject of much political controversy, with the opposition trying to cash in on the plight of the poor investors.
The chairman of the Securities and Exchange Commission (SEC), Professor Khairul Hossain, assured that the regulatory agency will take necessary steps to bring stability to the stock market.
The government has ordered the SEC to stabilize the capital market, the agency head said.
Monday night the finance minister and top bureaucrats with the government met with the SEC to discuss recent conditions and overall situation of the stock market, said Hossain.
The SEC announced latest bailout plan, as the stock market started again took a reverse index.
The National Board of Revenue (NBR) Wednesday assured that taxes would be cut on investments in stocks in a bid to salvage the crisis-ridden stock market.
At the close of day trading, the benchmark indices of both the DSE and CSE had gained more than 66 points.
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Aggrieved Bangladesh investors block downtown as shares plunge
Dhaka, Bangladesh (AHN) – Hundreds of agitated investors have blocked thoroughfares in downtown Dhaka all week protesting a lengthy plunge in the stock market.
Aggrieved investors demonstrated Wednesday in the capital’s commercial hub protesting price free-falls in the Dhaka Stock Exchange (DSE). Simultaneous protests were also held in Chittagong, the country’s second largest city.
The disgruntled small investors took to the streets for the fourth consecutive day, when the general index shed 154 points on Wednesday, the lowest since Jan. 21, 2010.
Riot police in flak jackets armed with shot guns and tear gas were deployed around the bourse. The police however, did not intervene.
The stock market, on a low for almost a year now, has been the subject of much political controversy, with the opposition trying to cash in on the plight of the poor investors.
The chairman of the Securities and Exchange Commission (SEC), Professor Khairul Hossain, assured that the regulatory agency will take necessary steps to bring stability to the stock market.
The government has ordered the SEC to stabilize the capital market, the agency head said.
Monday night the finance minister and top bureaucrats with the government met with the SEC to discuss recent conditions and overall situation of the stock market, said Hossain.
The SEC announced latest bailout plan, as the stock market started again took a reverse index.
The National Board of Revenue (NBR) Wednesday assured that taxes would be cut on investments in stocks in a bid to salvage the crisis-ridden stock market.
At the close of day trading, the benchmark indices of both the DSE and CSE had gained more than 66 points.
View full post on Finance Stories
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
