Bangladeshis Protest Stock Market Slump Outside Dhaka Exchange

Posted September 12th, 2011 at 1:05 pm (UTC-5)
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A group of Bangladeshi small investors has blocked a road outside the country's main stock exchange to protest an ongoing slump in share prices.

The investors burned tires and blocked traffic near the Dhaka Stock Exchange on Monday, as the main stock index fell 2 percent before recovering slightly to end the session down 1.6 percent.

Dhaka's General Index has fallen 4.7 percent from its high in late August as many Bangladeshi banks and other institutional investors refrain from buying due to central bank interest rate hikes that raise the cost of borrowing.

Investors at Monday's rally chanted slogans demanding the resignation of Finance Minister Abul Maal Abdul Muhith for allegedly failing to stabilize the stock market. No violence was reported.