In the last few weeks we witnessed that the general index of Dhaka stock market reached 3,000 plus and then it was pulled down to below 3,000. A cat and mouse game is being played.
Like all the bourses in the world, Dhaka stock market is growing as per the law of the nature, as assumed and required. Trade volume reached more than 1,000 crore a few months back. Usually it remains in the domain of 600 crore plus. There seems to be a profound psychological barrier at the 3,000 general index. Whenever the general index of Dhaka stock market reaches 3,000, the Security Exchange Commission, DSE, newspapers, TV channels, Bangladesh Bank etc. cry foul, become very much 'worried' and act in funny, anti-investor and anti-market ways. The news media, TV channels with the help of 'pundits' remind people of '1996' again and again. Everybody is an expert! They pull the investors as well as the country back. Do we have to assume that the general index of DSE can never shoot beyond the 3,000 mark? Do we have to be pegged or chained forever to this 'magic' number? Bangladesh should never grow, develop and remain where it was ten years back! What logic, what patriotism!!
The investors, market and the country are much more mature and informed now than they were in '1996'. The SEC enacted many regulations to avert any mishap.
We call upon the relevant authorities to allow the market to grow at its own pace.