In the last 15 years, the entire country's politics and economy became hostage to certain groups and families. Corruption, misrule and lack of justice have affected the capital market everywhere.

Speakers said these things in a discussion organized by Dhaka Stock Exchange Brokerage Association (DBA) at Dhaka Club on Saturday.

The topic of discussion was 'Capital Market Current Prospects and Future Plans'. Dhaka Stock Exchange (DSE) Chairman Mominul Islam spoke on the occasion.

DBA president Saiful Islam presided over and senior vice-president Md. Journalists of various media spoke under the direction of Saifuddin. According to them, four factors are important in market reforms. These are – goodwill, knowledge, stress-free and quality leadership. At this time, some questioned the quality of the leadership of the current commission.

Mominul Islam said that today's situation in the capital market is due to corruption and inefficiency. The capital market is a reflection of the overall economy and politics of the country. It is not an isolated island. Corruption, lack of justice, inefficiency and wrong decision-making in other sectors have had an impact on the capital markets. Many people think that they can become big people overnight. We failed to understand their market. The regulatory body itself entered the competition.

He said, while providing security to small investors, we have understood that if the culture is not changed, the policy will not go far. He also said that DSE is the primary regulator or referee of the capital market. But basic market matters also come to the Bangladesh Securities and Exchange Commission (BSEC). But it is not their job to see everyday things.

DSE chairman said, I admit that DSE has many mistakes. But at the moment we are all working together. But currently the top posts in DSE are vacant. He further said that we are working to increase the institutional efficiency and capacity of DSE.

DBA President Saiful Islam said, "We have been persecuted a lot in the last 15 years. This is why we have high expectations from the interim government. A former finance minister used to call the capital market a flea market. Current policy makers do not seem to be coming out of this idea. According to him, the capital market is very important for building the foundation of the economy. As a result, the government should take positive steps to reform this sector.

Ziaur Rahman, the editor of Orthikandi said, the current capital market is the product of 15 years of bad governance. Misrule was everywhere. Certain clans and families will always rule the country. The wealth of the country will be looted and the common people will supply them like guinea pigs.

SM Golam Samdani Bhuia, president of CMGF, an organization of stock market journalists, said that after the political change, the new commission had expectations that there would be positive changes in the capital market. But the opposite happened. Initially the regulatory body has completely failed to manage the capital market.

Ahsan Habib, senior reporter of Daily Star, said that most investors in the capital market mainly focus on capital gain. Few such investors have an eye on dividends. He said that if the index falls in the capital market, there is concern among the investors that it will be increased with support from the government. This is not correct. So there needs to be a change in the mindset of investors.

Sujoy Mahajan, business editor of Prothom Alo, said companies should have security funds for investment protection. Apart from this, the social status of investors in the capital market should be increased. Initiatives should also be taken to bring in new investors. Therefore, the process of opening BO account should be simplified.

Yugantar senior reporter Monir Hossain said two words are very familiar in the capital market. One is a crisis of confidence. The other is incoherence. But after August 5, two more words were added. That is discrimination and reform. He said, many times investors are confused by the statements of brokers. According to him, four factors are important in reforming this market. These are – goodwill, knowledge, stress-free and quality leadership. The current commission is not lacking in goodwill. There is no pressure from various government agencies. But there is a lack of knowledge and leadership.

Samakal senior reporter Anwar Ibrahim said, this market is brokers. They can solve all the problems themselves if they want. He said, when the banks came into the ownership of the brokerage houses, the problem started.

Sushant Sinha, business editor of Ekatar Television, said that negative perception has been created among common people about the capital market. It must be removed. There is a lack of coordination. He said coordination between all organizations including BSEC, Bangladesh Bank and National Board of Revenue is essential.