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Investors and Police Clash as Stocks Freefall in Bangladesh

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Uploaded on Jan 10, 2011

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Investors and police clash in Bangladesh's capital Monday, as stock prices go into a freefall and authorities halt trading. The country's stock exchange has been down more than 25 percent since December.

Bangladesh police fired tear gas and water cannons to break up violent protests by investors on Monday. Stock trading was halted for a second day when prices went into a freefall.

The benchmark index shed 9.25 percent in less than an hour of trading, its steepest- slide ever.

That followed a 6.7 percent drop on Sunday after the market had been battered for weeks.

Hundreds of angry investors damaged cars and blocked roads around the Dhaka Stock Exchange.

Investors chanted slogans, complaining of manipulation of stock prices by dishonest brokers and traders.

The benchmark index has lost more than 27 percent since December 5th.

Shares have become a popular investment for ordinary people, often providing higher returns than bank deposits and savings.

Investors and police also clashed in mid-December following a market slide.

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