If the investors take decisions based on rumours, they will lose money, the speakers told the seminar on 'Journalists' Role in Developing Stock market' organised by Chittagong Stock Exchange (CSE) in Dhaka yesterday.

The speakers also urged journalists of the print and electronic media to present proper and correct information in reports about stock market.

Addressing the function, CSE President MKM Mohiuddin said the investment in the stock market is risk-return oriented and it requires sources of transparent information, adequate training, up to date knowledge, analytical skills and investment techniques.

"As the journalist are writing reports on stock market and a large number of investors are fully dependent on their reports, their knowledge sharing with experts is necessary to uphold the quality of news on stock market," he said.

He also called for immediate steps for implementing book-building method, introducing derivatives products, declaring Sunday as weekly holiday and development of bond market to develop the country's stock market.

Arif Khan, general manager of Industrial Development Leasing Company (IDLC) of Bangladesh Limited, said though investment in the stock market is risky, return from the stock market is very high.

He said the media can also play the biggest role in developing the capital market through highlighting successful investors and their strategy in the local market.

Yaweer Sayeed, managing director and chief executive officer of AIMS of Bangladesh Ltd, said when the stock market witnesses a bullish trend, the newspersons go to the market stakeholders for comments. "But, I think the journalists should go to the issuer company for comments as to why market trend is bullish or bearish," he suggested.