বাংলা পড়তে এখানে ক্লিক
Finance Minister AMA Muhith on Tuesday expressed his optimism that the stock market would return to a stable situation within the current week though it was experiencing continuous fall from the beginning of the week.
"It is not fair that everyone behaves well when the market is bullish, but they turn ugly when the market is bearish," Finance Minister said talking to the reporters at his office after a meeting with the delegation of Bangladesh Tea Association.
Association chairman M Safwan Chowdhury led the nine-member delegation of the Bangladesh Tea Association.
Muhith also urged the investors to refrain from panic selling and added that there is a need for more time to implement the decisions and it is not wise to change decisions every now and then.
He said that the institutional investors as well as the merchant banks are still active in the market; "may be they are going for small buying."
The finance minister also noticed that share prices of many companies were going down, but the companies were not buying back their shares.
He also said that the decision to increase Cash Reserve Ratio (CRR) did not have any negative influence on the market.
Bangladesh Bank raised the CRR on December 1 from 5 to 5.5 per cent.
Muhith also said in his next sitting on Thursday with the State Owned Enterprises (SOEs) he will give them a certain timeframe for offloading shares. "If they fail to do that job they should go," he asserted.
Regarding book building method, he said, he has already directed to make reforms in the book building method , "It is good method but we did not apply it in a proper way", minister added .
In replying a question, Muhith said everything is going on according to his earlier decision regarding the stock market.
About the allegation against five brokerage houses, he said that those houses were allowed to resume their operation considering the interest of general investors. "Investigation will continue against those houses and they will not be spared if found guilty," the minister added.
He cited some positive signs in the capital market as GrameenPhone and National Bank Limited have declared dividends, which may have some positive influence.
Regarding the meeting with the Tea Association leaders, he said the Association has demanded to reduce the bank interest rate and cut the land development tax.
They also demanded extension of the timeframe for lease of land, renovate the Tea Board Office and make reforms in the Tea Institute in Srimongol.
Finance Minister AMA Muhith on Tuesday expressed his optimism that the stock market would return to a stable situation within the current week though it was experiencing continuous fall from the beginning of the week.
"It is not fair that everyone behaves well when the market is bullish, but they turn ugly when the market is bearish," Finance Minister said talking to the reporters at his office after a meeting with the delegation of Bangladesh Tea Association.
Association chairman M Safwan Chowdhury led the nine-member delegation of the Bangladesh Tea Association.
Muhith also urged the investors to refrain from panic selling and added that there is a need for more time to implement the decisions and it is not wise to change decisions every now and then.
He said that the institutional investors as well as the merchant banks are still active in the market; "may be they are going for small buying."
The finance minister also noticed that share prices of many companies were going down, but the companies were not buying back their shares.
He also said that the decision to increase Cash Reserve Ratio (CRR) did not have any negative influence on the market.
Bangladesh Bank raised the CRR on December 1 from 5 to 5.5 per cent.
Muhith also said in his next sitting on Thursday with the State Owned Enterprises (SOEs) he will give them a certain timeframe for offloading shares. "If they fail to do that job they should go," he asserted.
Regarding book building method, he said, he has already directed to make reforms in the book building method , "It is good method but we did not apply it in a proper way", minister added .
In replying a question, Muhith said everything is going on according to his earlier decision regarding the stock market.
About the allegation against five brokerage houses, he said that those houses were allowed to resume their operation considering the interest of general investors. "Investigation will continue against those houses and they will not be spared if found guilty," the minister added.
He cited some positive signs in the capital market as GrameenPhone and National Bank Limited have declared dividends, which may have some positive influence.
Regarding the meeting with the Tea Association leaders, he said the Association has demanded to reduce the bank interest rate and cut the land development tax.
They also demanded extension of the timeframe for lease of land, renovate the Tea Board Office and make reforms in the Tea Institute in Srimongol.