Normally, a bid placed in the post closing session or for that matter in normal session also, if not executed on the same day, stands as automatically cancelled on the subsequent trading day.

However, this time things did not happen like that and those who had made bids for purchasing on Friday in the post closing session had to suffer huge losses as their bids were not cancelled as it should have been and transaction took place today.

Notably, only those brokers suffered who had made bids for purchasing on Friday and not the ones who had entered bids for selling since there was huge decline in share prices in the kerbs on Friday and Saturday.

When the trading resumed today, going by the rates in the kerbs , traders had made bids for purchasing accordingly at much lower rates than the closing rate or post closing price of Friday. So when the opposite party entered bids for selling at lower rates it got executed at a much higher rate of Friday's closing as the transactions of highest bid for buying and lowest bid for selling are executed on priority basis through C-Star.

Affected brokers made a lot of hue and cry forcing CSE president JM Chowdhury and executive director Tapas Datta to come to contingency pool to cool them down.

Both the president and the executive director could not be contacted even after repeated attempts, but they had reportedly conveyed the brokers that stock exchange will not be doing anything in this respect and there was no possibility of the transactions that had taken place under these circumstances being altered. Brokers alleged that today's development was a high level conspiracy. It is a strange thing which should not have happened, they added.y