Bangladeshi watchdog monitors share sales to halt market slide

Moves follow investor protests but institutions remain wary

20190801 Bangladesh Economy

The business district of Dhaka, Bangladesh. (Photo by Takaki Kashiwabara)

A.Z.M. ANAS, Contributing writer

DHAKA -- Bangladeshi stock exchange authorities are monitoring share sales by brokers and financial institutions as they seek to stabilize markets after a six month slide which prompted retail investors to come out in protest.   

The government stepped in last month when confidence was hit by the collapse of a leasing company and concerns over weakened bank liquidity. In late July the Dhaka Stock Exchange Broad Index hit its lowest level in two and half years, falling 16.5% between late January and July 22. Volatility was exacerbated by a row between telecom regulator and network operator Grameenphone. 

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