The DSE Brokers’ Association (DBA) in a meeting on the present state of the stock market said the market was not in a bad state.
But there is a price adjustment of stocks after lifting the floor price barrier that is normal, they said this in a meeting held in the virtual platform on Tuesday.
The broker representatives indicated that the market will return to normal very soon as the country’s economy is turning around.
The representatives have raised some points to implement for the future interest of the share market. These initiatives will bring positive changes in the market and the market will be stable and sustainable in the long run.
Their points were, the rumours in the market that the floor may be re-imposed on the share price, which is false and baseless. DBA does not think that there will be a recurrence of the floor price.
They also believe Current Margin Rules-1999 need to be modernized and reformed. Good companies should be listed in the IPO market. Proper compliance with all laws and regulations should be ensured in case of company listing.
Emphasis should be placed on mutual funds to reduce dependence on banks for investment. It is logical to categorize the company on its capital size rather than on dividends. Shares of any company should not be increased in any other way without informing the common shareholders, and sponsor shareholders.
The issue of double taxation should be taken into consideration and resolved immediately.
DBA President Saiful Islam moderated the program.
Among others, DSE Director Sharif Anwar Hossain, Richard D'Rosario, former DBA president Ahmad Rasheed Lali, BLI Securities Managing Director Minhaj Mannan Emon, Beximco Securities CEO Mustafa Zamanul Bahar were present in the meeting.
