Market fall triggers demonstrations again: Investors to submit memo to PM Tuesday

Ref: Enraged investors again took to the street in the business-district Motijheel in a protest as both the bourses of the country saw significant fall in price indices on Monday for a fifth consecutive day of trading.

Form the demonstration the investors announced that they would submit a memorandum to the prime minister Tuesday demanding immediate restoration of the market stability.

The benchmark index of Dhaka Stock Exchange, DSE General Index (DGEN) Monday lost 260 points or 4.76 percent to stand at 5203.

Out of 252 issues traded on the day, 213 declined and 30 gained while nine remained unchanged. A total of 1,21,476 shares were traded throughout the day.

Chittagong stocks also marked a sharp fall Sunday, with the CSE Selective Categories Index climbing down to 9477 by shedding 453 points or 4.78 percent. Out of 181 issues traded on the day, 163 declined and 13 gained while six remained unchanged.

Following the fall of share prices at 12 noon, the agitating investors blockaded the road in front of DSE Bhaban, creating traffic congestion on two sides of the main road in the capital.

Some of agitating investors alleged that no decision of the government can create any impact on the stock market now.

Earlier on Sunday that the government directed four nationalised commercial banks (NCBs) and the Investment Corporation of Bangladesh (ICB) to purchase shares from the stock market immediately as an effort to check unrelenting fall in share prices.

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