DHAKA: The investors became desperate to sell shares of United Airways after the declaration of shut down of flight operation of the airlines. 

The Investors started posting sell order of the shares of the company with lower prices but no purchase order was found till 11:00am. 

DSE Website sources said that the prices declined to Tk 10.70 per share which 9.32 percent low since morning.

According to DSE website, investors posted order to sell 1,22,43,100 shares with Tk 10.70 per unit, 4000 shares with Tk 10.80 per unit, 13000 shares with Tk 10.90 per unit, 81000 shares with Tk 11.00 per unit, 5500 shares with Tk 11.10 per unit, 41600 shares with Tk 11.20 per unit, 36000 shares with Tk 11.30 per unit, 119400 shares with Tk 11.40 per unit, 657900 shares with Tk 11.50 per unit, 84500 shares with Tk 11.60 per unit. 

Earlier on Tuesday, Chairman and Managing Director and Member of the Board to United Airways, an enlisted company to stock exchange, Captain Tasbirul Ahmed Choudhury has resigned from his post.

Later, Mahtabur Rahman has been appointed as chairman and Shahinur Alam as MD.

On Wednesday, in a press conference, the flights operation of United Airways was declared shut down from Thursday. 

BDST: 1204 HRS, SEP 25, 2014