Stock market still volatile: TIB

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Stock market still volatile: TIB

Transparency International Bangladesh (TIB) said that the stock market of the country is still unstable.

The anti-corruption agency gave this information in a press conference on Tuesday (November 18) on the occasion of release of TIB’s analysis and observation on the 100 days of the interim government after the fall of the authoritarian government at the Midas Center in Dhanmondi of the capital.

TIB has observed all the initiatives taken for the development of the capital market after the interim government took over. According to published observations, the country’s stock market is still unstable.

The issues that TIB observed regarding the capital market are- formation of a five-member task force to recommend reforms in the Bangladesh Securities Exchange Commission, Dhaka Stock Exchange Plc and Chittagong Stock Exchange Plc, development of the stock market, increasing investor confidence and ensuring good governance of international standards, reasons for the fall in stock market prices. Forming an inquiry committee to find out, forming a committee to investigate irregularities in the share market of Salman F Rahman and S Alam and reducing the capital gains tax to 15 percent.

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