The investors of Bangladesh Capital Market Investors Unity Council have formed a human chain to protest the continuous price drop in the stock market. At that time they demanded the resignation of the new chairman of BSEC, Khandkar Rashid Maqsood. At the same time they demanded to form National Stock Exchange.
On Wednesday (October 2) at 11:30 am, the investors of the organization formed a human chain in front of the old building of the Dhaka Stock Exchange (DSE) in Motijheel.
At that time, Mizan Ur Rashid Chowdhury, president of Bangladesh Capital Market Investor Unity Council, and other leaders and activists were present in the human bonding program. The investors participating in the human chain were seen shouting slogans like ‘Fix the stock market, otherwise shoot the chest’, ‘Why has the stock market fallen, DSE answer’ etc.
The president of the organization Mizan Ur Rashid Chowdhury said in his speech that as soon as the price of any listed company is taken to the issue price, they should be brought under the mandatory buyback law. There is no alternative. Following this approach there will be no split of shares.
He said, there is no share division in any market in the world. But in our capital market there is a division of shares called A category, N category, Z category, OTC market. Bringing listed companies under the Buyback Act will not have these divisions.
He also said that there can be no SME market in the capital market. For any company to be listed in the stock market, they must have 50 crore Taka.
Finance Secretary of the organization. Sajjadur Rahman said that the constant price of the capital market continues to fall. In this situation, investors’ backs are against the wall. Now the investors have only one demand, the resignation of the new chairman of BSEC. At the same time, we demand the government to form a National Stock Exchange by eliminating the two stock exchanges. And I demand to prevent the member merchant banks from participating directly and indirectly in the capital market.
The investors participating in the movement are seen presenting several demands including stop illegal trading of IPO and placement shares, according to the investigation committee report of Khandkar Ibrahim Khaled, the culprits should be brought under the law immediately and punished, proper trial of the stock market looters should be ensured, investor’s court should be set up, GMG Airlines money should be returned. .
It is known that some improvement has been seen in the stock market due to the change in the country’s political situation, but the price has started falling again. In the last one month, the capital of DSE has decreased by Tk 21 thousand 549 crore. In addition, the index has seen a significant decline in last September. DSE’s main index has fallen by around 243 points in a span of one month.
Meanwhile, as of 1:25 PM today, the main index of DSE, DSEX, is 92 points lower than the previous day at 5,493 points. And DSE Shariah index decreased by 22 points to 1,230 points and DS-30 index decreased by 39 points to 2,000 points.
