Share Market of Bangladesh now is in 'good condition' Muhith remarked
The stock market of Bangladesh now is in
a 'good condition,' though instability had caused an uproar over the last year,
finance minister Abul Maal Abdul Muhith said on Thursday."The country's share market
caused much furore over the last year. It has reached a good condition now. Two
government institutions Securities and
Exchange Commission and Investment
Corporation of Bangladesh are providing sufficient assistance to keep the market
stable," said Muhith.The finance minister made the observation as the ICB
officials handed him a cheque, containing its profit of Tk 10.12 crore for
2010-2011 fiscal, at his secretariat office."Several reform measures
including demutualisation have been taken to keep the market stable. The market
will be back on the right track once the programmes are completely
implemented," he added.The benchmark index of the Dhaka Stock Exchange
(DSE) went down to 3,616 points on Feb 6 this year. The index maintained an
upward trend since then and exceeded 5,000 points on Wednesday. "Our
investors are not professionals. Sometimes they invest without understanding
anything about the market. Chances of suffering losses in the market are slim
if investment is made with full knowledge of the business," said Muhith."The
government has not been much concerned about the instability reigning over
stock market over the last year, as fluctuations are common," he added.The
ceremony was also attended by ICB managing director Saifuzzaman and its
chairman SM Mahfuzur Rahman.