Wednesday, October 8, 2025

Investors take to streets again as stocks plunge

Share market investors took to the streets in rowdy demonstrations again on Wednesday protesting at the free fall of share prices as the Dhaka stocks plunged by 151.74 points on the day.
They shouted slogans demanding immediate resignation of the finance minister, the Bangladesh Bank governor and the Dhaka Stock Exchange president.
The investors at a rally during the demonstrations announced to hold sit- in front of the DSE building today and demanded that trading should be suspended until further government initiative to keep the market stable.
The index started declining fast as the trading on the DSE began. When the index lost about 140 points about 1:30pm, investors from brokerage houses made a furore. They, however, stayed indoors as heavy rain stopped them from coming out onto the streets.
When the rain stopped about 2:30pm and the index had shed 198 points by then, investors came out on the road and stopped traffic on the stretch from the Shapla Square to the Ittefaq crossing.
They brought out processions at regular intervals between 2:30pm and 4:00pm.
They said that fall of share prices had been taking place for five months made many investors flat broke as many of them lost most of their investments.
The investors for a few weeks have been on edge amid a rumour about possible capital gains tax in the forthcoming budget.
Fears that the government might impose capital gains tax and make mandatory the tax identification number for the opening of beneficiary owner’s account pushed the investors to blanket sell-off and it fuelled the recent market crash, market operators said.
But the finance minister, Abul Maal Abdul Muhith, is yet to make any announcement on the issues despite criticism by several lawmakers in the parliament on Monday.
Investors at the demonstrations termed the finance minister ‘mentally retarded’ and said that he was not worthy of holding such a crucial portfolio.
They also came down heavily on the Bangladesh Bank governor, Atiur Rahman, saying that the bank’s monetary policy on increase in cash reserve requirement and statuary liquidity ratio pushed the market to a fresh liquidity crisis.
The investors called off their protests for the day about 4:00pm. The police, however, did not do anything.
The general index of the Dhaka Stock Exchange lost 2.78 per cent to close the day at 5,292.53 points. The index lost 412 points in four trading sessions before Tuesday when it gained by 67 points.
The DEGN lost 1,250 points from April 7 when the committee investigation the January share scam submitted it report till Thursday.
Many investors looked shattered after the market crash on Wednesday. They claimed that the recent spell of market crash had made them paupers.
Nurul Haque, a client of the Saad Securities, said that he had lost more than 70 per cent of his investments in the market crash that began in January.
‘I vested Tk 1 crore in all but on Monday my portfolio balance stood at Tk 37 lakh.’
He said that about a half of his investment had been borrowed from his relatives. ‘Now they are pressuring me to repay the amount as they fear that they would not get the money back. But I have no way to repay the loans.’
The Dhaka Stock Exchange president, Shakil Rizvi, told New Age, ‘Sell pressure of subsidiary companies of banks had kept the market down over a few days as they were forced by the central bank to reduce the borrower’s limit for a single client.’
He, however, said that trading would not be suspended on Thursday.

 

Courtesy of New Age

Related News

Bangladesh and KSA sign pact for workers’ rights

News Desk : dhakamirror.com Bangladesh and Saudi Arabia have just inked a labour recruitment agreement, marking the first deal aimed at promoting fair recruitment practices and protecting workers’ rights. Expatriates’ Welfare and Overseas Employment Adviser, Prof. Asif Nazrul, and the Saudi Minister of Human Resources and Social Development, Engineer Ahmad Bin Solaiman Al-Rajhi, recently came ... Read more

Poor pay, allowances of teachers affect education

World Teacher’s Day today Shahin Akhter Poor pay-scale and allowances and low social status mark the poor condition of the teachers in Bangladesh affecting the education sector, observed educationists and researchers. They also said that the Bangladeshi teachers were lagging much behind their fellows even in the neighbouring countries in terms of these facilities and ... Read more

Protecting hilsa: 22-day fishing ban begins

News Desk : dhakamirror.com The government has put a 22-day halt on catching, transporting, storing, selling, and marketing hilsa throughout the country. This measure aims to protect the fish during its crucial breeding season. The ban started at midnight yesterday and will last until October 25, as stated in a notification from the Ministry of ... Read more

Road fatalities: 446 crashes, 417 lives lost in September

News Desk : dhakamirror.com In September, a tragic report from the Road Safety Foundation revealed that at least 417 people lost their lives and 682 were injured in 446 road accidents throughout Bangladesh. Among those who died, there were 63 women and 47 children, as highlighted in the foundation’s monthly report released today. In 151 ... Read more

Man’s fatal fall into Ramna Park lake

News Desk : dhakamirror.com A tragic incident occurred yesterday at Ramna Park in the capital, where a man drowned in the lake. The victim has been identified as 55-year-old Wasimul Haq. The police were able to identify him using fingerprint records. According to Ramna police SI Mizanur Rahman, he was discovered unconscious around 6:00 PM ... Read more

Tariff Commission’s size-based hilsa pricing strategy

News Desk : dhakamirror.com The Bangladesh Trade and Tariff Commission (BTTC), also known as the Tariff Commission, has suggested setting a maximum retail price for hilsa based on its size. This recommendation comes in response to the unusual spike in prices seen in the local market. On Sunday, the Tariff Commission released a report detailing ... Read more

Ekushey Book Fair won’t happen in December

News Desk : dhakamirror.com The Bangla Academy announced yesterday (28 September), that the previously scheduled dates for the Amar Ekushey Book Fair 2026 have been postponed. In a press release, they explained that this decision was made following a directive from the Ministry of Home Affairs on September 21, which indicated that the fair should ... Read more

Working in Bangladesh is quite challenging: CEC

News Desk : dhakamirror.com The Election Commission is grappling with a mix of challenges, both seen and unseen, as it gears up for the upcoming elections and responds to various demands, shared chief election commissioner AMM Nasir Uddin on Saturday. “These hurdles might not be apparent from the outside, but we’re constantly navigating through them,” ... Read more

Travel ban on Keokradong hill to be lifted starting from 1 October

News Desk : dhakamirror.com Great news for travelers! Keokradong hill in Bandarban’s Ruma upazila is set to welcome tourists again starting October 1. The district administration has finally lifted the travel ban that had been in effect for almost three years. Bandarban Deputy Commissioner (DC) Shamim Ara Rini announced the decision today (27 September) during ... Read more

Tree planting campaign to lower pollution, make city more attractive

News Desk : dhakamirror.com Dhaka South City Corporation (DSCC) Administrator Md Shahjahan Mia has inaugurated a tree plantation and greening programme covering 33 road medians, spanning a total length of 31 kilometres, within the corporation’s jurisdiction. Under the “Zero Soil” programme, ornamental flowering trees and grasses will be planted across 28 DSCC medians, while the ... Read more

Krishi Bank ranks third in remittance collection

News Desk : dhakamirror.com Krishi Bank has shown remarkable success in collecting remittances from expatriates during the first eight months of 2025 (January–August). Known as bank for farmers due to its agricultural loan services, this state-owned institution has climbed to the third position in remittance collection from abroad in that timeframe. This notable achievement has ... Read more

North Bay low : Rain forecast for Bangladesh

News Desk : dhakamirror.com Many parts of the country is expected to witness moderate to heavy and very heavy rainfall in the coming days due to the formation of a low-pressure system over the north Bay and adjoining coastal areas, the Met office said in its latest forecast. According to Bangladesh Meteorological Department’s 120-hour weather ... Read more

Metrorail boosts service: Extended hours & more frequent arrivals

News Desk : dhakamirror.com Dhaka metrorail service is set to start operating earlier in the morning and later at night to better serve the growing number of passengers. Service hours will be extended by 30 minutes at both the beginning and end of the day, and the interval between trains will be reduced by nearly ... Read more

22% minors in Bangladesh’s sex trade

News Desk : dhakamirror.com At least 22 percent of victims of commercial sexual exploitation (abuse of a person, or a minor, through sexual activities in exchange for money, goods, or other benefits) in Bangladesh are children, said speakers at an event yesterday. They shared the information at the launch of “Project Shurakkha”, an initiative of ... Read more

WB Reports Bangladesh Heat Costs at $1.78 Billion in 2024

News Desk : dhakamirror.com Rising temperatures in Bangladesh are fueling a surge in heat-related illnesses, leading to the loss of 250 million workdays in 2024 and economic losses estimated at $1.33–1.78 billion, representing about 0.3 to 0.4 percent of Bangladesh’s gross domestic product (GDP) in 2024, according to a new World Bank report. The report ... Read more

Police clearance no longer required for passports

News Desk : dhakamirror.com Chief Adviser Professor Muhammad Yunus announced that police verification will no longer be necessary for obtaining a passport, thereby reducing unnecessary hassle for citizens. “Getting a passport is a basic right. We have established a rule that eliminates the need for police verification,” he stated. While speaking at the opening session ... Read more

Metro rail achieves record 4 lakh daily passengers

News Desk : dhakamirror.com Metro Rail has achieved a remarkable milestone by carrying over 400,000 passengers in a single day. The Dhaka Mass Transit Company Limited (DMTCL), which operates the Metro Rail, announced this achievement on their official Facebook page on Friday night. For the first time, Metro Rail recorded 403,164 passengers. The Metro Rail ... Read more

Most people, about 66% think civil servants behave as if they are rulers

News Desk : dhakamirror.com More than 100,000 participants have contributed their responses to reform commission’s online survey 80% of the respondents believe that the administration is not approachable for the general public, according to a survey conducted by the Public Administration Reform Commission. Additionally, 66% of participants feel that civil servants act as if they ... Read more

Former Justice Abdur Rouf dies

News Desk : dhakamirror.com Former Chief Election Commissioner Justice Md Abdur Rouf has passed away at the age of 91. He died around 10:00 am while receiving treatment at Insaf Barakah Kidney and General Hospital in Dhaka, as stated in a press release. Justice Rouf had been battling heart disease, lung complications, kidney issues, and ... Read more

Bangladesh climbed 4 positions to rank 93rd in global passport index

News Desk : dhakamirror.com Bangladesh has climbed four notches up in the latest Henley Passport Index 2025, ranking 93rd out of 99. However, the number of visa-free destinations for Bangladeshi passport holders has dropped from 42 in 2024 to 39 this year, reflecting a decline in global travel privileges. Despite this improvement in rank — ... Read more