2024-03-16 16:22:48
Commissioner of Bangladesh Securities and Exchange Commission (BSEC), the regulatory body of the capital market, advised not to listen to rumors to protect the capital market. Sheikh Shamsuddin Ahmed. He is the Managing Director of Dhaka Stock Exchange (DSE) about the rumours. Had an urgent meeting with ATM Tarikuzzaman.
A circle tries to influence the capital market by spreading rumors about various issues at different times. This affects the capital market, which affects the investors. All the while the cycle takes advantage. Hence, BSEC and DSE will work together to be more vigilant in this regard.
Sources in the meeting said that BSEC and DSEC will jointly counter any attempt to create rumours. Both institutions are committed to accelerating the stock market and protecting the best interests of investors. Recently, various rumors are being circulated regarding DSE’s conflict with the capital market regulatory body BSEC.
Commissioner of BSEC in this regard. Sheikh Shamsuddin Ahmed claimed that this rumor is baseless. The managing director of DSE agreed with this. ATM Tarikuzzaman.
It is known that recently the country’s stock market has had a negative impact due to the rumors spread in the Facebook group. Almost every time, various rumors about the stock market are spread and destabilized by self-interested circles. A few days ago, rumors about the floor price created volatility in the market. After that there is a cycle of destabilizing rumors about Z category shares. Not being able to overcome it, various rumors are being spread about the conflict between BSEC and DSE. Along with that, there are rumors that the chairman of BSEC is not staying in the commission. Spreading such rumors is destabilizing the market. However, the concerned have confirmed that this matter is a rumor as always.
Meanwhile, a kind of rumor is also spread about the trading time in the stock market during Ramadan. Generally, the stock exchange itself can determine the trading hours. However, the regulatory body has to be notified. Since there are two stock exchanges in the country, it is convenient that both have the same trading hours. Otherwise, there may be problems with transactions, indices and prices. For this reason commission is fixed at the time of transaction by coordination.
Dr. in this regard. Sheikh Shamsuddin Ahmed said, we work for the overall interest of the market. The interests of the investors are paramount. I’ve had a tough three years between Corona. Everything was closed. At this time we tried to keep the market open. There may be differences of opinion when it comes to work. But legally we have to work.
He said, we do not have any distance with DSE. Commissions and stock exchanges serve the same purpose for capital markets. Rumors will not be accepted in the interests of the market. There is no conflict between the two organizations. Both organizations are working tirelessly.
Managing Director of DSE. ATM Tarikuzzaman said, DSE is working in the interest of the capital market. There is no conflict between BSEC and DSE. Conspirators are trying to influence the market by spreading rumours. Investors should be wary of any kind of rumours. DSE and BSEC will work together to counter rumours.