Selasa, 21 Desember 2010

Investor Bangladesh rampage

Melts in Your Mouth Not in Your Hand Slogan - The investors in the capital of Bangladesh, Dhaka rampage after the stock index plunged to the lowest level. Hundreds of investors threw stones at security forces and doing sit-ins.
Melts in Your Mouth - The price of shares in the stock market is very volatile with a high index at the beginning of the month. Correspondents say the stampede happened after the stock price plunged shortly after trading opened on Sunday (19/12/10).

DSE Index (DGEN) fell 552 points, or 6.72% at the end of trading because of the many investors who panicked following the bank's rate hike last week and a series of fluctuations in the market.

Local police chief Tafazzal Hossain said at least 500 investors threw stones at security officers near the Dhaka Stock Exchange and the Office of Securities.

"They chanted slogans against the government and marched through busy streets in the Motijheel commercial area. Traffic was stopped. They also do sit-ins at the office of security," he said.

Bangladesh stock index falls to 7654. The index had recorded a high number 8918, 51 on the 5th of December, up about 80% of the index earlier this year.

On 8 December, the stock index also fell and sparked protests from at least 2000 investors in Dhaka and several other cities.

Bangladesh's central bank raised interest rates to six per cent resulting in panicked financial institutions for funds.