Authorities of the Dhaka Stock Exchange on Thursday requested the government to find market manipulators and take actions against them.
\n\u2018The government should find market manipulators and punish them,\u2019 said Shakil Rizvi, president of the DSE, at a press briefing at Sheraton Hotel in\u00a0Dhaka.
\nShakil said investors\u2019 confidence had been shattered due to the volatility at the market in recent times. Liquidity crisis was the prime reason of the stock market collapse, he said.
\nThe central bank should relax some regulations to increase inflow of fund to the capital market, he added.
\nThe DSE chief said merchant bankers were reluctant to invest in the stock market in recent weeks as the Bangladesh Bank did not give any clear announcement in this connection after imposing a number of restrictions on banks in investing funds in the capital market.
\nShakil said the government should also find the stock market manipulators in 1996, in which year the market bubbled first and then burst.
\nHe said most of the banks made hefty profits from the capital market last year.\u00a0 \u2018I request them to invest in the capital market now to lift it.\u2019
\nShakil requested the investors to keep patience and not to sell shares in the falling market.
\nThe DSE president requested the finance minister to find an appropriate measure in book building method issue.
\nThe Securities and Exchange Commission on Wednesday postponed the book building method in a bid to end overvaluation of primary shares of companies using the method to be listed and to stop flight of capital from the market that has been facing liquidity crisis in recent weeks.<\/p>\n

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Via: New Age<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Authorities of the Dhaka Stock Exchange on Thursday requested the government to find market manipulators and take actions against them. \u2018The government should find market manipulators and punish them,\u2019 said Shakil Rizvi, president of the DSE, at a press briefing at Sheraton Hotel in<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[4],"tags":[194,437,436,434,433,435],"yoast_head":"\n