Share market not a place for speculations: Muhith

Sylhet, Jan 20 (UNB): Finance Minister AMA Muhith today said the share market is not a place for speculations and those who think so are its enemies.

"The present government has been able to strengthen the base of the country's share market. Now it's time for its further development," he said.

Muhith was addressing the 'Investors and Entrepreneurs Conference and Investment Education Fair, 2018' at a convention centre in the city.

Addressing the programme, the finance minister said once there was no discipline in the share market and the Bangladesh Securities and Exchange Commission (BSEC) has restored discipline in the sector with its seven years of efforts.

"The share market is very important for the empowerment of mass people," Muhith said urging potential investors to invest in the share market after attaining proper knowledge about it.

Expressing satisfaction over the present state of the share market, the minister said the market has now achieved international standards. "The share market in Bangladesh is a rapidly growing sector overcoming all the obstacles."

BSEC Chairman Dr M Khairul Hossian delivered the welcome speech at the programme.

BSS adds : "We've been able to create a foundation for the stock market over the last seven years and now it is the time to flourish," Muhith said.

BSEC organised the fair to create awareness among the people about the investment in stock markets.

Muhith said once there were no rules and policies for the capital market and people invested in the markets on the basis of hearsay that led the market to crushing twice earlier.

People have misconception about the stock market and many of them invest in the stock markets without knowing anything which is not right, investors need to study to learn about the market, said the finance minister.