It is known that without any discussion with the market participants, BSEC decided to set a new limit for the reduction of share prices. DSE disagreed with their initiative. Yesterday morning, the members of the board of directors of DSE met BSEC chairman Shibli Rubaiyat ul Islam on an urgent basis and expressed their concern about this.
The board members of DSE told the BSEC chairman that such sudden policy decision change without discussion will not give any positive result. In response, BSEC chairman told DSE directors that this is a temporary decision. The way the market is falling, there was no alternative to such a decision. According to sources in the meeting, the BSEC chairman also criticized the ‘silent’ role of DSE during the fall in prices.
DSE Chairman Hafiz Md asked about the meeting. Hassan Prothom-aloKay said, ‘We discussed working together to develop the market on the basis of mutual cooperation. At this time we have said that the market should be allowed to run in its normal order. BSEC also agreed with our argument.
According to BSEC and DSE sources, the unscheduled meeting was held between the two organizations to express their concerns or disagreements regarding the fixing of the maximum limit of share price decline to 3 percent. During this time, there was a discussion about listing bad companies in the market and giving importance to DSE’s review or opinion on the activities of the listed companies. Apart from this, it is proposed to give decision making powers to DSE on certain matters.
