Stock market is not in bad condition: Kamal

DHAKA, April 22, 2019 : Finance Minister AHM Mustafa Kamal today said that the country’s capital market is not in a bad condition.

“Capital market is related to the economy of the country. If the economy fares better, then there is no reason to not having a better capital market,” he said.

The finance minister said this to reporters after holding a meeting with the high ups of the Bangladesh Securities and Exchange Commission (BSEC) this afternoon.

He said that the index of the country’s premier bourse earlier rose up to 5,900 from 4,500. Then it came down at 5,300. “It’s not a problem for the stock market,”

Kamal said such ups and down could take place in the capital market, but that does not suggest that the capital market is in a bad state.

Responding to a question about the enlistment of the multinational companies in the capital market, the Finance Minister said none could be forced to come in to the capital market. “If any company wishes to come, then it can come and there is nothing to force in this regard,”

The Finance Minister cited that the valued investors in the capital market in other countries usually understand better the market than the stock market investors in Bangladesh.

“If everyone could understand the market well, then we need not to think a lot about the index and the stock market,” he added.

BSEC Chairman M Khairul Hossain and other members were present.