2024-03-11 17:39:41
The Dhaka Stock Exchange (DSE) has formed a three-member investigation committee to investigate the cause of the technical error. The investigation committee formed within the next three working days will discuss with the Nasdaq authority of DSE’s IT service provider and submit a report in this regard.
On Sunday (March 10), DSE Deputy General Manager and Public Relations Officer. This information was informed in a press release signed by Shafiqur Rahman.
As mentioned in the notification, it is for the information of all the investors and capital market concerned that due to operational errors, unusual figures can be observed in the DSE index from the beginning to the end. In this regard, the management of DSE is continuing to try to resolve it by holding an urgent meeting with Nasdaq.
The circular further mentioned, DSE Chief Financial Officer and Chief Operating Officer (ongoing charge) A.G.M. A 3-member inquiry committee headed by Satvik Ahmed Shah has been formed. The report has been asked to be submitted within the next 3 days. The DSE authorities are hopeful that the issue will be resolved today. In this regard, all concerned including investors are requested not to panic and DSE expresses regret for this unwanted problem.
Meanwhile, this confusion appeared on the DSE website at the beginning of the first working day of the week on Sunday (March 10). DSE’s website shows misleading information about the index from the time the transaction starts to the time it closes. As a result, investors are not able to know the real condition of the capital market. Investors are complaining that they are suffering from various misleading information.
Trading started at 10 am on the stock exchange. From then on the website started showing wrong information. According to the information provided on the website at 10:10 am, the DSE index DSEX fell by 6 thousand 12.36 points or 99.99 percent to 0.39 points from the previous day. But till then, 226 companies’ shares have been traded in the market, out of which the share price of 159 companies has increased, which is 70.32 percent of the companies participating in the transaction.
At the time discussed, the position of Shariah index DSES was shown to be 0.04 points, which is 1 thousand 335.84 points or 99.99 percent less than the previous day. On the other hand, in terms of market capitalization, the DS30 index of the largest 30 companies is shown at 2,96.57 points, which is 2.23 points or 0.106 percent higher than the previous day. However, by 10:30 p.m., the website showed zero information on all the valuable three. Meanwhile, there was no information on the graph of the index till 10:30 pm.
Meanwhile, the DSEX index is shown to be increasing by 141 points on the DSE website after trading after 2.30 pm. But the main indicator was negative 5 thousand 971 points, which is completely misleading information. Similarly, the Shariah DSES index is shown to have increased by 30 points. But the main indicator was negative 1 thousand 340 points, this is also completely misleading information. Besides, the DS30 index has also been shown to have increased by 2083 points. But the main indicator was negative 10 points, which is also completely misleading information.
Meanwhile, a message on the DSE website at 10:24 am said that due to an operational error, the DSE website is displaying misleading information. For this, investors are requested not to be confused by the index. However, the message was withdrawn after an hour.