Tk 90,000 Crore Looted from Stock Market in Eight Months

Economic Desk

Approximately Tk 90,000 crore has been siphoned off from the stock market in the last eight months since the interim government assumed power, while the stock index has dropped over 1,000 points.

Leaders of the Bangladesh Capital Market Investor Association (BCMIA) made these allegations at a press conference on Saturday at the CMJF auditorium in the capital.

It was revealed that on Wednesday, the Dhaka Stock Exchange’s (DSE) main index fell by 149 points or 3.02% in a single day, closing at 4,802 points—the steepest one-day decline in five years.

Investors accused that the political transition triggered rampant looting in the market, severely shaking investor confidence.

BCMIA President S.M. Iqbal Hossain stated, “Eight months have passed, and yet no one has been able to comprehend the scale of the disaster. The accomplices of this autocratic government have looted the capital market in these eight months in ways far worse than in the past 15 years—nearly Tk 90,000 crore has been stolen.”

He added, “Ninety percent of investors have lost their capital and become destitute. The market has once again entered a negative trend.”

Iqbal Hossain emphasized, “We are not solely focused on the stock market. To save the stock market, we must also save the country. We must stand against instability, chaos, and economic destruction.”