The chief of the main bourse has claimed that the capital market is behaving normal over the past one month though there were criticisms after shares of several companies spiked unusually recently.
“The indices have been going up and down by 100-200 points. It doesn’t seem abnormal to me,” Dhaka Stock Exchange (DSE) President Ahsanul Islam Titu said at a news conference in the city on Monday.
Shares of several small companies have been rising over the last one month, which market experts are terming unusual and manipulative.
Asked if the DSE will take any measures over the matter, Titu said: “An enquiry is not possible over speculation. A minimum trigger is needed for an enquiry. Nobody has complained about being affected after buying shares of any particular company.”
“We’ll launch investigation if anyone complained.”
To a question, he said: “As per law, we can suspend or stop transaction of a company’s share subject to approval of the SEC. But enough proof is needed for that.”
Tutu talked about demutualisation of the stock exchange.
Hearing on the demutualisation scheme will happen on Wednesday.
The DSE boss referred to the bourse’s attending a conference of the stock exchange representatives of the OIC members in Istanbul recently.
“The market of Islamic financial products is expanding with every passing day. We’re also going to introduce Shariah index here.”
Source: Bd news24
