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Sun, Dec 19th, 2010 3:32 pm BdST
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Dhaka, Dec 19 (—The Dhaka stocks have crashed by 551 points, marking a 6.71 percent fall.

The stocks began to plummet almost immediately after trading began on Sunday and lost almost 200 points in an hour.

The general index dipped to a low of 7621 points but made a slight turnaround and ended up at 7654 by the close of the session.

This triggered a protest around the stock exchange shortly after 12 noon, disrupting traffic around Motijheel.

Almost all the traded shares ran down resulting in the lowest-ever fall in the Dhaka Stock Exchange (DSE).

Investors started a noisy protest around 12:15pm as the general index plummeted by 311 points.

Witnesses said the agitated investors were demonstrating in front of the DSE at Motijheel and chanting slogans against the Bangladesh Bank governor and demanded removal of DSE president Shakil Rizvi.

Traffic movement was disrupted from Motijheel to Ramakrishna Mission Road as the investors took to the streets. They hurled brickbats at the adjacent buildings, injuring a photojournalist of a Bengali language daily, 'Kaler Kantho'.

Abdul Momen, assistant commissioner of Dhaka Metropolitan Police, told police had been careful so that the agitators do not turn more violent.

Movement of vehicles on the adjacent roads was restricted between 12 noon and 2pm to avert further trouble.

Meanwhile, the Securities and Exchange Commission held an emergency meeting immediately after the demonstration and rescinded the decision of submitting additional 'member-margin', which was due to be effective from Jan 2 next.

The earlier decision extended security money on the trading of the brokerage houses.
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