Continuous price decline in the capital market, growing panic-frustration

Jumbangla Desk: After the fall of the Awami League government on August 5 in the student uprising, the stock market of the country has continued to fall. Meanwhile, in the first two working days of the week, about 11 thousand crores of capital has disappeared from the market. With this, in

General investors led by Investor Unity Council held a human chain and protest program to demand the resignation of the chairman of Bangladesh Securities and Exchange Commission (BSEC) Khandkar Rashed Maqsood in protest against the continued price fall. In front of the old building of Dhaka Stock Exchange (DSE) at around 10:30 am on Monday morning, ordinary investors including the leaders of the organization are holding this human chain program.

 

 

 

During the protest, the investors said, 'Even in 2010, we have not suffered as much as we have in the last two and a half months. Share prices fell in 2010. But now the situation is so bad that the share price has fallen below the face value of 10 rupees. We have become destitute.'

 

 

They said, 'We are not able to live properly with our family. Investors have no confidence in the current BSEC commission. So we demand the resignation of the BSEC chairman as soon as possible.

 

 

Investors also said that 70 percent of our invested money has been reduced due to the continuous fall in prices in the last two months. We are all dreaming of a new Bangladesh, we are not here to beg. Now we have lost capital and we are Regulatory body Bangladesh Securities and Commission (BSEC) has formed a four-member investigation committee to investigate the reasons for the continuous price fall in the capital market. The committee has been ordered to submit a report within 10 working days, said Rezaul Karim, spokesperson and executive director of the organization. He said, 'The four-member committee will find out the reasons behind the market decline and give a report.'

 

 

The investigation committee has started to investigate the reason for the price fall in the stock market

 

 

The members of this committee are BSEC Director Mohammad Shamchur Rahman, Deputy Director Mohammad Oraichuul Hasan Rifat, Dhaka Stock Exchange Assistant General Manager Mahfuzur Rahman and Central Depository Bangladesh Limited (CDBL) Assistant General Manager Kazi Minhaj Uddin.destitute.


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