Mashiur wants investors, regulators to behave properly

FE Team | Published: October 11, 2011 00:00:00 | Updated: February 01, 2018 00:00:00

FE Report
Prime Minister's Economic Affairs Adviser Dr. Mashiur Rahman Monday said the stock market will behave properly, provided the investors make right investment decisions, analysing possible gains and risks, and the regulator implements its regulations properly. Dr Mashiur said this at the inauguration of the sale of units of the Bangladesh Fund (BF), the country's largest-ever (Tk 50 billion) open-end mutual fund. He said the investors who want to make overnight profit remain more vulnerable to shock. Frustrated by the collapse of the market those helpless investors restore to vandalism and create obstacles to the smooth movement of general people in the name of protests. These cannot be right type of behaviour on the part of good citizens. Dr Mashiur said the number of gainers in the stock market is always small and that of losers is quite large. Investors must have patience to make profits in the stock market. At the unit selling ceremony of Bangladesh Fund, AB Bank and Dhaka Bank purchased units worth Tk 200 million each. SEC Chairman Professor Khairul Hussain termed the occasion a historic one for the stock market. market's stability," Mr. Hossain said. He said a stock market cannot be stable without active participation of the institutional investors. "The SEC, within a short span of time, has reformed many rules to make those more time-befitting," he added. At the programme, former caretaker government adviser A B Mirza Azizul Islam and former governor of Bangladesh Bank Dr Farash Uddin, among other, were present. ICB Managing Director Md Fayekuzzaman said many non-resident Bangladeshis (NRBs) have expressed their eagerness to purchase units of the Bangladesh Fund. "The market can be stabilised by managing this fund properly. NRBs will also be linked with the country's stock market through the fund," he added. He sought special incentives for the fund, as it is formed to make the share market stable.