Finance minister Abul Maal Abdul Muhith on Tuesday said stability would return to the capital market in this week after the government completed implementing the decisions taken towards that end.
\n\u2018Normalcy would return after implementation of the decisions we have taken. It might take a little time\u2026 [But] It\u2019s not wise to change decisions repeatedly,\u2019 he told the media after a meeting with\u00a0tea planters at his office.
\nMuhith said some institutional investors were not keeping their words. \u2018Share prices of some companies fell and those companies are not buying their own shares,\u2019 he noted.
\nHe advised the investors to exercise restraint until the government\u2019s decisions were implemented.
\n\u2018The investors often do not think before taking decisions. Some of them are selling off stocks out of panic. It is not right. I do not support the notion that it is always good when share prices rise and bad when they fall,\u2019 he said.
\nThe minister did not see any negative effect of increasing the cash reserve ratio on the equities market. A number of positive things are also taking place in the market, he said, citing the announcement of dividend by Grameenphone and bonus shares as dividend by National Bank.
\nMuhith also said he had given instructions to carry out a review of the book-building system. \u2018It is a good system but we failed to handle it properly. It often overprices shares unnecessarily. Some new things should be incorporated in it,\u2019 he remarked.
\nAbout the alleged aggressive selling on January 20 by the six brokerage houses suspended by the Securities and Exchange Commission, Muhith said investigations were on in this connection but the brokerages were now allowed to operate during the investigations. \u2018They will be punished if the investigations find them guilty,\u2019 he said.<\/p>\n

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

Finance minister Abul Maal Abdul Muhith on Tuesday said stability would return to the capital market in this week after the government completed implementing the decisions taken towards that end. \u2018Normalcy would return after implementation of the decisions we have taken. It might take a little time\u2026 [But] It\u2019s not wise to change decisions repeatedly,\u2019 … Read more<\/a><\/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":[1518,435],"yoast_head":"\n