The benchmark index of DSE slumped 287 points, or 4.88 percent, to close at 5,611 points, while the selective price index of Chittagong Stock Exchange lost 477 points, or 4.50 percent, to close at 10,115.
The investors took to the streets shortly after 1pm when the premier bourse lost over 200 points. Angry investors chanted slogans against the government and demanded taking necessary steps to bring back normalcy in the market.
Some of them carried placards that read: "Shoot us or stabilise the market."
Investors have given ultimatum of three days to bring back normalcy to the market.
Arif Khan, chief executive officer of Zenith Investment, said, "Investors started selling shares as they lacked confidence."
"Most of the institutional investors faced credit crunch and failed to buy shares. The uncertainty over restructuring the SEC also created a panic."
Of the total 248 issues traded on the DSE, one advanced, 244 declined and three remained unchanged.
Source: The Daily Star (May 9, 2011)
