[Mesuge]

$this->bbcode_second_pass_quote('eXpat', ' ')Monirul Islam, an investor attending the protests, told the AFP news agency: "I lost $70,000 dollars. This is insane - my whole savings are gone."

[DomusAlbion]

Some of the lemmings have to be the first to go over the edge of the cliff.

Those back in the herd are looking around, fat and happy, thinking "Wow this is a fun run we're having." All they see are their happy neighbors on every side, moving along, moving forward to a wonderful tomorrow ...

[eastbay]

... and yet another warning for us all.

[Sixstrings]

$this->bbcode_second_pass_quote('Mesuge', 'W')elcome to the real financial world buddy.

[eXpat]

Time will tell if contagion spreads, but today, most of the markets are in red
http://finance.yahoo.com/intlindices?e=asia

[Sixstrings]

$this->bbcode_second_pass_quote('eXpat', 'T')ime will tell if contagion spreads, but today, most of the markets are in red
http://finance.yahoo.com/intlindices?e=asia

[eXpat]

$this->bbcode_second_pass_quote('Sixstrings', '')$this->bbcode_second_pass_quote('eXpat', 'T')ime will tell if contagion spreads, but today, most of the markets are in red
http://finance.yahoo.com/intlindices?e=asia

[eXpat]

$this->bbcode_second_pass_quote('DomusAlbion', 'S')ome of the lemmings have to be the first to go over the edge of the cliff.

Those back in the herd are looking around, fat and happy, thinking "Wow this is a fun run we're having." All they see are their happy neighbors on every side, moving along, moving forward to a wonderful tomorrow ...

[Novus]

They unfortunately confused investor with being a bag holder. Don't be the one left holding the bag.

[eXpat]

I´m sure i heard this before...
Bangladesh stocks rebound after investor unrest
$this->bbcode_second_pass_quote('', 'D')HAKA — Bangladesh's volatile stock market rose more than 15 percent on Tuesday, rebounding a day after a plunge triggered violent clashes between angry investors and police.

The benchmark Dhaka Stock Exchange general index (DGEN) gained 1,012.65 points, or 15.58 percent, to close at 7,512 but analysts said the market could still face trouble as the bounce was led by government intervention.

The market slumped 7.76 percent on Sunday while trading on Monday was suspended when the index dived a record 8.9 percent within an hour.

"This is a government-led rebound driven by market-boosting measures from the Securities and Exchanges Commission (SEC) and the central bank that have increased liquidity," Mahmud Osman, professor of finance at Dhaka University, told AFP.

"It is not good for the market and the question is how much of these gains will be retained," he said.

On Monday riot police used tear gas to disperse investors protesting outside the stock exchange, where outraged crowds set alight tyres and office furniture and chanted slogans against the government and regulators.

Many analysts say the recent plunges were caused in part by the central Bangladesh Bank raising the cash reserve requirement (CRR) last month by 50 basis points in a bid to tighten money supply and rein in inflation.

The bank, which is directly controlled by the government, softened its stance late Monday and urged state-owned and private lenders to buy shares to offset the crisis, Bangladesh Bank spokesman M. Asaduzzaman said.

It also relaxed rules on dealers taking out special loans to invest in the stock market.

At the same time the SEC moved to boost loan facilities for retail and institutional investors.

Mohammad Masum Bepery, whose shares lost 1.2 million taka ($150,000) of their value over the two days, said the market swings had destroyed investor confidence.

"The authorities are behind this rally. They have artificially boosted share prices to save their skins," he said.

On Tuesday officers with water cannon were stationed outside the exchange in case of further unrest.

The DGEN index climbed 80 percent in 2010 -- attracting millions of new investors -- but has suffered a series of falls in the past three weeks, sparking protests and occasional clashes with riot police.

"I have lost half my investment. In two days, I lost 1.5 million taka out of the three million I invested," one investor, Alam, who uses only one name, told AFP.

"It is completely insane. I am going to wait and see what happens before I decide to sell my shares."

[eXpat]

Is not working people, give up.
DSE stuck in cycle of unrest as share price plunge continues
$this->bbcode_second_pass_quote('', 'R')ampant acts of vandalism and an anarchic situation triggered by agitated investors prevailed through the fourth consecutive sessions witnessing share price fall in the Dhaka stock market Monday. DGEN, The main index of Dhaka Stock Exchange (DSE), plunged another 324.51 points, maintaining the bearish mood gripping the market.

The market started with a declining trend, but regained sharply in the next few minutes. It again started to slide at about 12 noon prompting the investors to turn to violence. They damaged cars, hurled bricks at banks and commercial institutions adjacent to the DSE building.

At the end of the day, DGEN slumped to 4.82 per cent or 324.51points to 6394.53 points. Similarly, the all share price index DSI fell down 4.75 per cent or 265.16 points to 5306.46 points.

The investors chanted angry slogans demanding "resignation of the finance minister". They even accused the media persons for not reflecting the general investors' voice properly.

The investors demanded halt to trading until the market situation gets stabilised. They urged the government not to bring the state-owned enterprises to the share market as liquidity crisis persists in the market. Sections of the investors even called for 'continuous strike' at the share market.

During the protest, police tried to calm down the incensed investors. But they took no heavy action against them. The law enforcers were deployed in front of the DSE office.

The agitated investors pelted brick chips at Bangladesh Bank, the head offices of Sonali Bank and Janata Bank. At the end of the trading, some investors suddenly started throwing stones in showers at the office of Citi Bank NA and IFIC Bank prompting the riot police to swing into action to disperse the unruly investors. Later, RAB personnel were deployed near the Bangladesh Bank.

The investors said the violence around Citi Bank, NA was related to the finance minister's comments on the banks' investment in the capital market during a book launching ceremony in the city.

They said Monday's big slump was the result of the finance minister's comments at the book launch.

IFIC Bank became the target of the agitated investors as "one of the directors of IFIC Bank is suspected to be involved in the recent share market scam", investor said.

Meanwhile, the trading session appeared to be frustrating for the investors. Almost all shares plunged on the day. Of the total traded issues, only 12 advanced, 241 declined and 2 remained.

[eXpat]

Islamist leader threatens of waging Jihad
$this->bbcode_second_pass_quote('', '[')color=#FF0000]Notorious pro-Taliban Islamist clergy in Bangladesh, Mufti Fazlul Haque Amini has threatened to wage jihad in the country if the government will pass any law banning child marriage.[/color]

He said, two hundred thousand Jihadists of his group are ready to 'sacrifice' lives if any such law, which goes against "Koran and Sunnah" will be passed by the current government in the country.

Mufti Amini said, "Banning child marriage will cause challenging the marriage of the holy prophet of Islam, who also married minor Ayesha, when she was just eight years old".

He said, "The new law initiated by the current government will put the moral character of the prophet into controversy and challenge."

Fazlul Haque Amini further said, "Islam permits child marriage and it will not be tolerated if any ruler will ever try to touch this issue in the name of giving more rights to women."

It may be mentioned here that, current government in Bangladesh has taken several measures in ensuring better rights to the women thus treating child marriage as severe offense. It also recommends equal distribution of properties amongst male and female inherits. In contrary, Islamic Sharia law gives lesser rights to women as far as inheritance is concerned. It also allows men to marry any infant girl child. It may be mentioned here that, such law is prevalent in most of the Islamic republics, while in Iran, even forceful sexual relations with the married infant is allowed. A large segment of Muslim scholars and secularist individuals term this as mere perversion.

In Bangladesh, especially in the rural areas, child marriage is very regular phenomenon, where hundreds of child mothers die due to lack of medical facilities as well as for pre-mature pregnancy. There are even cases of deaths of child wives being virtually raped by their husbands. Child marriage is prevalent in rural Bangladesh both amongst the Muslim and non-Muslim families.

Several weeks back, Islamist clergy Mufti Fazlul Haque Amini and Moulana Rezaul Karim launched a movement of 'combating anti-Islam actions' by the government in Bangladesh. Since then, hundreds and thousands of followers of these fanatic leaders are active in various forms of demonstrations around the country. It is also reported in media that, minor boys in the Koranic Madrassas were forced join most of the anti-government demonstrations of these leaders. According to unofficial statistics, there are roughly 9 million students attending various madrassas in Bangladesh.