Eleven demands were made by investors to bring stability

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Eleven demands were made by investors to bring stability

The Bangladesh Capital Market Investors Association (BCMIA) is hosting a rally for stock market-affected investors in the capital’s Motijheel. Over a thousand investors took part in the rally, which started at 2:30 pm on Monday, February 3, in front of the Dhaka Stock Exchange’s (DSE) historic building.

Eleven demands were made by investors to bring stability back to the stock market, the most prominent of which are

The 11 demands of the investors are-

  1. Removal of BSEC and ICB chairmen: The stock market should be saved by removing them quickly and appointing new qualified chairmen.
  2. Abolition of gain tax: Due to the current market situation, the gain tax should be completely withdrawn.
  3. Stop undue interference: Undue interference in the market (such as investigation, untimely sending to Z group) should be stopped.
  4. Z Category Policy Reform: The provision for sending listed companies to Z category should be reconsidered, as it harms investors.
  5. Minimum 50 percent dividend: Companies should be forced to pay at least 50 percent of their income as dividend.
  6. Ensuring full investment: Investment in the stock market of banks, finance, insurance, mutual funds and ICBs should be implemented 100 percent.
  7. Disclosing the progress of reforms: The reforms of the task force should be quickly communicated to investors and stakeholders through the media.
  8. Minimum shareholding: Companies should immediately implement the rule of holding a minimum of 30 percent of shares.
  9. Mutual fund investment: At least 10 mutual funds should be quickly brought to the market for investment through BSEC.
  10. Board restructuring: If a listed company fails to pay dividends for two consecutive years, their board should be restructured.
  11. Force sale closure: Force sale must be closed to protect investors.

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