Wahid Adnan (Pathshala South Asian Media Academy)
Graphics of Deadliest Crash
Award of Excellence
Documentary
The crash of the irrationally inflated Dhaka Stock Exchange (DSE) in December 2010 was the deadliest in its 55-year history. It left in its wake an unforgettable mark as riots erupted after many individual retail investors suffered significant losses. Bangladesh is one of the world’s poorest countries, but in recent years the rising stock of the country’s mobile communications enterprises and many other companies attracted a large number of investors. Most of these retail investors diverted their funds to the stock market from stable investments. Many had left (and some are still leaving their day jobs) to trade in the stock market. By and large they are small-time entrepreneurs with limited capital, risk taking capacity and even more limited knowledge about the share market. They looked for quick gains from buying stocks, without taking into account the real face-value of the stock versus the performance of the companies they are investing in. The loss of their investments with the fall of share-prices was a harsh outcome. Out of anger and dejection, the aggrieved investors came out onto the streets, vandalized vehicles, set fire to wood and papers infront of the DSE building. They blocked the roads there chanting slogans against the top bosses of the premier bourse and market regulators, and demanded resignation of the Central Bank Governor. Police baton-charged the angry crowd outside the stock exchange building in central Dhaka to bring the situation under control. Though the share-market is showing signs of regaining its stable state again, fear and uncertainty still prevails with every investor here.
Story: Graphics of Deadliest Crash
Graphics of Deadliest Crash
A building opposite to Dhaka Stock Exchange (DSE) was razed by the angry investors after the crashed was occurred. Dhaka, Bangladesh.
Story: Graphics of Deadliest Crash
Graphics of Deadliest Crash
Mustaque Ahmed (38) is coming of a brokerage house after he saw price of his shares fell drastically. Dhaka, Bangladesh.
Story: Graphics of Deadliest Crash
Graphics of Deadliest Crash
Angry protesters took to the streets as the Dhaka stocks have crashed by a record 551 points marking a 6.71 percent decrease in late December 2010. The stocks began to plummet almost immediately after trading began in the morning and plummeted by almost 200 points within an hour. The general index ended at 7654 by the close of the session. Dhaka, Bangladesh.
Story: Graphics of Deadliest Crash
Graphics of Deadliest Crash
Tension and uncertainity remains inside every brokerage house in Dhaka and Chittagong as the price of shares of almost every company is falling down sharply. Dhaka, Bangladesh.
Story: Graphics of Deadliest Crash
Graphics of Deadliest Crash
An anxious investor observes the falling price of shares in a computer screen inside a brokerage house in Dhaka. Dhaka, Bangladesh.
Story: Graphics of Deadliest Crash
Graphics of Deadliest Crash
Inside of a share brokerage house at Mirpur in Dhaka. Though the share-market bounced back in its stable state again after its biggest crash in the history, fear still prevails in every investor. Dhaka, Bangladesh
Story: Graphics of Deadliest Crash
Graphics of Deadliest Crash
Inside of a share brokerage house at Gulshan in Dhaka. Though the share-market bounced back in its stable state again after its biggest crash in the history, fear still prevails in every investor. Dhaka, Bangladesh.
Story: Graphics of Deadliest Crash
Graphics of Deadliest Crash
In an unprecedented move, the Securities and Exchange Commission (SEC) has announced Dhaka and Chittagong stock-markets shut around 12pm on Monday, as the capital market continues to plummet. Hundreds of investors have taken to the streets in Motijheel and Dilkusha in Dhaka after regulators halted trading. The police and RAB began charging batons to disperse the angry investors. Within the first 55 minutes of the day's trading on Monday, the index dipped to 660.43 points. Dhaka, Bangladesh
Story: Graphics of Deadliest Crash
Graphics of Deadliest Crash
A special prayer and ‘doa-e-yunus’ is held in front the Dhaka Stock Exchange (DSE) at Motijheel seeking divine blessings for the stabilization of ongoing state of the stock market. The small investors prayed for their survival as they have lost most of their investment in continuous plunge of the share prices. Dhaka, Bangladesh
Story: Graphics of Deadliest Crash
Graphics of Deadliest Crash
Out of dissapointment, the investors stand in the street while the police and other law enforcers are arresting the demonstrating investors from the street near Dhaka Stock Exchange. Dhaka, Bangladesh.
Story: Graphics of Deadliest Crash
Graphics of Deadliest Crash
The Street in front of DSE during the investors’ protest against the top bosses of the premier bourse and market regulators, and the central bank governor. The investors pelted law enforcers with brickbats, set fires and destroy cars and other vehicle they got near them in the street. Dhaka, Bangladesh.
Story: Graphics of Deadliest Crash
Graphics of Deadliest Crash
An investor who was arrested by the police during the angry investors’ protest after DSE has its biggest crash. Dhaka, Bangladesh