DSE index falls 200 points

The key stocks index has slipped for the third day of the week on the heels of heavy falls in the past two days, sending small investors out in the streets in protest at Motijheel. Updates 2

bdnews24.com
Published : 15 Nov 2011, 01:23 AM
Updated : 15 Nov 2011, 01:23 AM
Dhaka, Nov 15 (bdnews24.com)—The key stocks index has slipped for the third day of the week on the heels of heavy falls in the past two days, sending small investors out in the streets in protest at Motijheel.
The benchmark Dhaka Stock Exchange General Index or DGEN opened up but slid in half an hour on Tuesday. By 2:30pm, it lost 200 points to 4676 points.
By this time, seven shares and mutual funds gained and 238 lost from Monday's close. The turnover was worth Tk 2030 million.
The retail investors started demonstrations in the street before the DSE, halting traffic on the busy avenue around 12 noon. About half an hour later, more than 100 individual investors took out a procession and paraded down the street up to Shapla Square at Motijheel.
They were intercepted by police on their way to the Securities and Exchange Commission (SEC) and sat in the street before the nearby Bangladesh Bank around 1pm. They set fire to papers and woods.
Bangladesh Capital Market Investors Unity Council president A K M Shahadat Ullah Firoz said the measures the central bank had taken to prop up the capital market in fact went against it and held the governor responsible for the situation. So, he said, they had taken position in front of the bank.
The investors said their leaders will sit with SEC.
The market has so far belied investors' hopes of a turnaround after a nine-day Eid recess as the benchmark indices of the two bourses plunged on the first day of trading after the Eid holidays. The turnover was also less.
The general index lost 164.71 points or 3.26 percent to close at 4877.52 points on Monday, the second time since Jan 20, 2010 when the index plunged to 4998 points.
The index dropped 166 points to stand at 5042 points on Sunday while the Chittagong Stock Exchange selective categories index (CSCX) lost 258 points to stand at 9244 points.
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