STOCK MELTDOWN

Lawmakers criticise govt

Staff Correspondent | Published: 00:00, Jan 16,2020

 
 

Two members of parliament on Wednesday criticised the government over the plunge of Dhaka stock market saying that the investors had lost their interest as the market seriously lacked a system of governance.

Taking floor at unscheduled discussion in parliament, Jatiya Party MP Kazi Firoz Rashid demanded immediate interference of prime minister Sheikh Hasina to bring the stock market back on track.

He said that the newspapers were making the stock market headlines as panicked investors kept frantic selling during the worst spell of market fall.

Bangladesh Nationalist Party MP M Harunur Rashid demanded explanation from finance minister about the meltdown of the country’s principal capital market.

As per Tuesday’s update, Dhaka stock meltdown continued on the day as panicked investors kept frantic selling in the worst spell of market fall after the 2010-2011 market crash.

The DSEX, key index of the Dhaka Stock Exchange, lost 2.11 per cent, or 87.24 points, to close at 4,036.23 points on Tuesday after losing 88.96 points in the previous session.

The DSEX replaced the DGEN index on January 27, 2013 with 4,055.91 points and on Tuesday the index went below that mark.

The DSEX hit all-time low on April 29, 2013 when it plummeted to 3,444.80 points.

Besides, over the AL and JP MPs’ prescription for introducing capital punishment for rapists, BNP MP Rumeen Farhana said that extrajudicial killings were likely to be legalised as the rule of law was going on as per the directives of the government.

While participating in the thanks giving motion on president’s speech, Rumeen dissented from the speech where the president claimed that the December 30, 2018 general election was a participatory and credible one.

She also said that the Awami League leader’s involvement in corruption activities had been proved through the drives against casino.

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