The New Nation - Internet Edition

Our Correspondent, Barisal

Hundreds of investors of stock market in Barisal sustained crores of taka losses since last eight days due to technical glitches in online trading with Dhaka Stock Exchange.

Mizanur Rahman and Md. Shahnewaj Shahin, convener and joint convener of Barisal Investors Forum, alleged that technical problems of the on line trading servers of Dhaka Stock Exchange since Monday of last week halting trading for hours after hours at local brokerage houses in the city. Barisal capital market recently gained heavy rush due to direct on line transaction facilities.

Barisal office of Investment Corporation of Bangladesh (ICB) informed that there are more than forty two thousand account holders of ICB Barisal branch, more than sixteen hundred beneficiary account holders (BO) of ICB Securities Trading Company Limited (ISTCL) and more than nine hundred accounts of ICB Capital Management Limited (ICML), two subsidiary companies of ICB enlisted with Dhaka and Chittagong Stock Exchanges (DSE and CSE).

Besides about eight hundred BO account holders of two branches of private brokerage houses named Stock Bonds Limited and M Securities Limited enlisted only with DSE for daily transactions from Barisal and severely affected by this technical glitches.

MD.Ruhul Amin, newly joined manager of ICB,M Korban Ali manager of ISTCL and Abdul Mannan, manager of ICML, Barisal branch acknowledging the problems said that they informed higher authorities about the problem and they assured to remove the technical glitches as early as possible. They said hanging of on line trading for only some minute could cause heavy losses for the investors and investors said they sustaining this loss for day after days without any emergency step or backup faculties to avoid it.

Due to this technical problem transaction in Barisal stock market downed to daily only average Tk. 1.5 core form daily average of about 5 core taka and maximum transaction done with Chittagong Stock Exchange instead of Dhaka Stock Exchange, said the ICB,ICTCL and ICML officials.

Investment Forum leaders said that they will take protest programmes if the technical problem would not be removed immediately.