The decline in the stock market has made it more difficult for market intermediaries to endure. Against the wall while you work through the setbacks. The Bangladesh Securities and Exchange Commission (BSEC), a regulatory body, is unaware of this. Conversely, the regulatory body is making every effort to make them more dangerous. Officials and staff from BSEC are having a good time at the same moment.
The stock market depends on its investors. who primarily participate in this market through merchant banks and brokerage houses. However, since Khandkar Rashid Maqsood’s commission took over, none of them have been successful. Nonetheless, the stock market showed significant improvement following the overthrow of the Awami League government and prior to the reconstitution of the Maqsood-led commission. which later became impossible because there weren’t enough qualified candidates in BSEC.
Brokerage houses are in worse shape than investors in the current stock market downturn. Dry trading has resulted in losses for numerous brokerage houses. Additionally, the merchant banks’ income path has been closed by the cancellation of the initial public offering (IPO).
Meanwhile, BSEC is making every effort to create panic in the stock market and to alienate investors from the stock market. The owners of the company are not taking investors into account. They are not making any effort to get rid of the ongoing distress of the market.
DSE director Minhaj Mannan told Imon Orth Banijya, “We (brokers) are done.” A state of non-existence in sustained losses. Many brokerage houses have already had to lay off staff. But not all workers can be laid off, if existing deals continue to dry up.
Like the last few days, on Monday (December 23) there was a drought of transactions in both the stock markets of the country. And the market was also negative.
On this day, the main stock market of the country Dhaka Stock Exchange (DSE) main index DSEX decreased by 26 points to 5171 points. Which decreased by 25 points the previous day.
Shares and units worth Tk 303 crore 27 lakh were traded in DSE on Monday. The amount of which was the previous day was 312 crore 92 lakh taka. According to this, the transaction has decreased by 9 crore 65 lakh taka or 3 percent.
Among the 396 companies traded on DSE, share and unit prices increased by 99 or 25 percent. And 216 or 54.55 percent of the prices decreased and 81 or 20.45 percent of the prices did not change.
Conversely, Tk 124 crore 27 lakh worth of shares and units were exchanged on the CSE on Sunday. On this day, 202 companies were traded on the CSE; of those, 54 saw increases in share and unit prices, 111 saw decreases, and 37 saw no change in price. The CSE CASPI’s overall index dropped by 13 points to 14455 points on this particular day.
