Market players, regulators responsible for unrest in capital market: Finance adviser

Finance Adviser Salehuddin Ahmed has held the market players and regulators responsible for nagging unrest in the country’s capital markets and called upon them to broaden publicity efforts to enhance public awareness.

“It is not investors rather the market players and regulators are responsible for the persisting unrest in the country’s capital markets,” he made the remarks while addressing a programme held at the CIRDAP auditorium in Dhaka on Saturday.

Underscoring the need for broadening publicity efforts to create awareness among the investors, he said, “People enthusiastically buy Z-category shares without knowing. These shares eventually become worthless, leaving the investors frustrated and prompting protests. I don’t support this trend.”

Salehuddin said he has instructed the Bangladesh Bureau of Statistics (BBS) to publish real information as there is no scope to manipulate the market here.

“Our capital markets are grappling with the same challenges affecting the country’s banking and financial sectors,” said the finance adviser.

There are concerns about the accuracy of data provided by the government in the past 15 years, he said, adding that the past government attempted to conceal information however, the interim government is working to reform the system to address this issue.

“We didn’t come here to engage in power politics. Our responsibility is to establish a single window for businesses, ensuring they can access accurate information from a centralised source,” he said.