Dhaka stocks plunge 27-month low

The Dhaka stocks continued to bleed to its 27-month low due to thin participation of institutional investors as well as general investors amid the liquidity crunch in the banking sector.

The benchmark index of Dhaka Stock Exchange, DSEX, lost 62.73 points to 5,175.46 today while giving up a total of 90.71 points in the last two trading sessions.

In protest of the slide, the investors today observed a token hunger strike for three and half hours in front of the DSE building at Motijheel in the capital.

Rashed Khan Menon, president of Bangladesh Workers’ Party, expressed his accord to the investors’ demand saying the government should take action on the stock market so that gamblers cannot take money away.

He said the stock market regulator should bring well performed companies to the market but it has approved many companies whose performances are bad.

Menon also requested the investors to break the hunger strike and later fed them.