Dhaka Stock Exchange

Md. Lutfar Rahman, Faculty, College of Business Administration, IUBAT, Dhaka

Photo: Amdadul Huq / Driknews

While viewing the red against almost all the stocks for the last few weeks, one can easily understand it is nothing but manipulation done by certain vested quarters. GP entered into the stock market and changed the conventional monotonous slow growth share market to a vibrant fast growing one. New investors invested in the share market purchasing shares of different companies with a hope to get an expected return from a share market which got a new lease of life after the arrival of GP. But the situation did not last long. The vested quarters in the name of correcting the share market imposed many conditions like limitation of bank loan, use of cash payment, instead of using instant sale proceeds for buying a particular share etc. damaged the upward trend of the share market. For a few days a total of Tk 1500 crore worth of shares were transacted every day just after the entry of GP. Now the quantum has been reduced to 50%. Why? This is just because of the manipulation of share market by the monsters, who are always out to meet their selfish ends. My question is, why are they not pulling out the market from a severe nosedive?