Business

Shares nosedive: Bangladesh halts trading again

It was the fourth time in 10 days that the trading has been halted.

Afp January 20, 2011 Less than a minute read

DHAKA: Bangladeshi regulators halted trading at the plunging Dhaka Stock Exchange (DSE) on Thursday after it lost 8.6 per cent in six minutes, the fastest fall in the bourse’s history.

The market lost 599.76 points to 6,313.62 soon after trading started at 1:00 pm (0700 GMT).

It was the fourth time in 10 days that the trading has been halted.

The benchmark index rose 80 per cent in 2010 to peak on December 5 at a record 8,918.15.

It has since fallen 29.3 per cent with each new slide triggering angry street demonstrations. After trading closed on Thursday, investors attempted to stage a protest in front of DSE offices in central Dhaka.

Published in The Express Tribune, January 21^st, 2011.