Stocks plunge, Bangladesh investors furious

Dhaka, Jan 10: Bangladesh is witnessing commotion after stocks fell by a whopping 9.25 pct within an hour of opening. The angry investors stopped trading in the Dhaka Stock Exchange and took to the streets in protest. The occasion also saw clashes with the police.

The fall in stock exchange indexes led to a lot of flared up emotions and people went public to vent out their anger. The benchmark Dhaka Stock Exchange general index (DGEN) rose 80 percent in 2010 but has suffered a series of falls in the past three weeks.

"The DSE has halted trading as per orders from the Securities and Exchange Commission after the benchmark index plunged 660 points, or 9.25 percent, in the first 54 minutes of trading," Shafiqual Islam, exchange spokesman was quoted as saying.

The riot police were stationed to control the angry mob and water cannons were used to disperse the crowd.

OneIndia News