Bangladesh
9 days ago

Investors hold protest demanding capital protection

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Capital market investors on Monday took to the streets in Motijheel, a key commercial hub in Dhaka city, demanding their capital protection

They demonstrated under the banner of Bangladesh Capital Market Investor Association (BCMIA) in front of the old building of Dhaka Stock Exchange (DSE), starting around 2:30 pm on Monday.

During the demonstration, they presented a 11-point demand.

The demand includes:

  • The BSEC Chairman and ICB Chairman must be immediately, paving the way for the appointment of a new qualified chairman to save the capital market.
  • Considering the current market situation, the gain tax should be completely withdrawn.
  • Amid the adverse market situation, unwanted interference should be stopped (investigation and untimely transfer to Z group, etc.).
  • The provision for sending listed companies to Z category of the capital market needs to be reformed. Because if a company goes to Z category, it is the investors who suffer the most.
  • Companies should pay a minimum dividend of 50 per cent of their income.
  • Banks, finance companies, insurance firms, mutual funds and ICB must fully invest the amount they are supposed to.
  • The reforms of the task force should be quickly communicated to investors and stakeholders related to the capital market through the media. Investors are being harmed or ruined through procrastination in the name of reforms.
  • Companies should immediately implement the minimum shareholding of 30 per cent.
  • BSEC must bring at least 10 mutual funds to the market as soon as possible.
  • If a company listed on the capital market fails to pay dividends for two consecutive years, its board will have to be restructured.
  • Force sales must be stopped.

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