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Stabilise the volatile stock market


The stock market investors demanded of the government june21, 2011 to allow investment of undisclosed money in the share market as the market is facing severe liquidity crisis. They also urged the government to suspend share trading at both the bourses until introducing new specific guidelines.
The leaders of the organisation also demanded resignation of Bangladesh Bank governor, Finance Minister, Finance adviser, President of Dhaka Stock Exchange and Commerce Minister for their failure in taking effective steps to bring stability in the capital market back. They also threatened the government to go for tougher movement if their demands are not meet by 30 June in this year.
The demands were raised at a press briefing organised by the Bangladesh Share Investors’ Association (BAIS), a platform of small investors, in the Dhaka city. The leaders of the Association placed a 19 point demand at the conference. The BSIA convener’s Mizan-ur-Rashid Chowdhury said, "We are demanding the Prime Minister’s direct intervention and steps that will stabilise the volatile stock market. If the government won’t address our demand by 30 June in this year, we will go for tougher movement. "
The investors also sought measures to ensure participation of investors in each meeting before taking any stock market related decision. The investors further demanded that the regulator reduces the Statutory Liquidity Ratio and Cash Reserve Ratio rate, takes actions against share market manipulators and forces them to reinvest their money in market and directs the financial institutions which made profit from stock market in 2010 to reinvest it.  

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