B Mirror Report: Describing the capital market as a highly sensitive sector, BSEC Chairman Khondoker Rashed Maqsood said that no “garbage” can be kept in the market and it must be removed.

He remarked that capital market journalists are already playing a role in doing this.

He made the comments on Friday while speaking as the chief guest at an iftar event organized by the Capital Market Journalists Forum (CMJF), a platform of journalists covering the capital market.

Rashed Maqsood said journalists are exposing irregularities, manipulation, and rumor-driven profit-making activities in the capital market. He observed that increased reporting would help remove the “garbage” from the market.

The Chairman of the Bangladesh Securities and Exchange Commission (BSEC) said, “The capital market is a highly sensitive place. The impact of information here is the fastest and most immediate. Therefore, it is essential to verify information before publishing any report. If information is not verified, it can cause instant and significant damage.”

He added, “The Commission wants capital market reporting to be more enriched. We do not discourage any reporting; we simply want the information to be verified.”

Investment Corporation of Bangladesh (ICB) Chairman Professor Abu Ahmed said, “If the capital market performs well, the economy also performs well. We hope that with the new government in place, positive changes will come to the market.”

He added, “There is no alternative to training in economics to make capital market reporting more informative. CMJF is doing that work.”

The iftar event, held at a hotel in the capital, was presided over by CMJF President Monir Hossain and moderated by its General Secretary Ahsan Habib.

Among others present were Dhaka Stock Exchange (DSE) Chairman Mominul Islam and Managing Director Nuzhat Anwar, Chittagong Stock Exchange (CSE) Chairman AKM Habibur Rahman, and DSE Brokers Association of Bangladesh (DBA) President Saiful Islam.