It will be better in front of the capital market, don’t listen to rumors: Shibli Rubaiyat

Sharebarta, Dhaka: The question of who is behind the instability of the capital market by spreading various rumors is now on the lips of millions of investors. As a result of various sincerity of the government, the market is not stabilizing. On the contrary, in the last one month, the 7 working day index has been falling sharply. As a result, investors are panicking about the market. Since the beginning of 2021, the market has been moving towards stability for a long time. However, the market is being destabilized by spreading rumors.

Investors have demanded to find out who is behind this and punish them. Investors are remembering the market collapse of 2010 in the last 8 working days. This cycle is taking advantage by spreading rumors in the capital market. They want to destabilize the capital market and throw the government into disarray. This cycle is very strong in the capital market. Because of these, the capital market is not stabilizing. As a result, market analysts think that there is nothing to panic about the current market.

Professor Shibli Rubaiyat-ul-Islam, chairman of the Bangladesh Securities and Exchange Commission (BSEC), the regulator of the capital market, said the news of his resignation was completely rumored and baseless. Through social media, the BSEC chairman urged investors to be more vigilant, saying the news of his resignation was a complete rumor. There is no basis for this.

“Several quarters are spreading rumors at different times to influence our index, try to buy at a lower price and take advantage by creating panic,” he said. I urge investors to be careful and be vocal in this regard through social media.

Professor Shibli Rubaiyat-ul-Islam, an astute teacher at Dhaka University, took the helm of the fragile stock market at a time when the country’s stock market was going through a transition period. He was joined by three more vigilant commissioners, Professor. Shamsuddin Ahmed, Professor. Mizanur Rahman and former secretary Abdul Halim. The ailing stock market began to wake up again under the able leadership of vigilantes. Thanks to their various reform activities, the stock market began to revive.

New surprises keep coming in the country’s stock market. Investors’ confidence in the stock market began to return to the charismatic activities of the new commission. As a result, the stock market rebounded. Seeing the momentum and recovery of the stock market, a identified group started to rise and fall in various negative trends from the very beginning. They are trying to destabilize the market by spreading various rumors and propaganda. This time, the resignation of the chairman of BSEC, a successful personality who has been making waves in the stock market, has been associated with rumors and propaganda.

As a result, the stock market has been declining since October 11. At the beginning of the day, the DSEX was at 6,038.99 points. On Tuesday (October 19) it dropped to 6,020 points. The index fell 348 points in seven working days.

According to the BSEC, there is a rumor that BSCER chairman Professor Shibli Rubaiyat-ul-Islam has resigned. An organization is also involved with this. The BSEC has identified them and legal action is being taken against them.

Meanwhile, after a meeting with stakeholders in the stock market on Tuesday, BSEC Commissioner Prof. Sheikh Samsuddin Ahmed said that a quarter is spreading rumors to destabilize the stock market. This matter is also being investigated. He said rumors were circulating in the market that the BSEC chairman was going to resign. But there is no basis for why.

The BSEC commissioner said there was nothing to fear or panic about the stock market. Chairman of the Commission for the Stock Market and we are working. If someone or a group wants to manipulate the capital market, to the detriment of investors, we will not sit still. We are very strong now, we can identify only by manipulating now.

Dr. Shamsuddin Ahmed said, “If our chairman becomes the governor of Bangladesh Bank, then that is better news for the stock market, more good luck.” It is not a matter of looting. There is nothing to spread rumors about it. Sudra: Desh Pratikshan

Source: Share Barta 24 by

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