Tuesday, February 8, 2011

Investors on rampage in city

Angered by continued fall in share prices for the third consecutive day, investors went on rampage in Motijheel, the business hub of the capital Monday. Trading of shares started at the Dhaka Stock Exchange as usual in the morning despite the countrywide shutdown called by the main opposition BNP but the index fell sharply from the very beginning.Around 1:00pm, the investors took position in front of the DSE building and started demonstrations. They also burnt papers on the middle of the road during the demonstration. As the transaction concluded at 3:00am with downfall of 314 points in the share price index, the investors became furious and damaged a number of business establishments on both sides of the road stretching from Shapla Chattar to Tikatuli crossing. The establishments which were damaged included IFIC Bank, NCC Bank, ICB Islami Bank, Janata Bank, Standard Chartered Bank and Banglalink office.

Later, the police went into action there and brought the situation under control at around 4:00pm.

No arrest was made in connection with the incident.

Source: The Independent