Central bank chief's slight irks DSE

The country's prime bourse has expressed dissatisfaction over the central bank governor's negative comments on the stockmarket.
Bangladesh Bank Governor Atiur Rahman on several occasions termed the capital market a 'fatka bazaar' (speculators' market), which Dhaka Stock Exchange thinks might impact the market badly.
In a letter to the governor, the DSE said: "Such comments may be harmful for the market. In this context, we expect some positive comments from you to eliminate investor worries. If you explain the term 'fatka bazaar' and make it clear to the investors positively, the market will continue its current growth."
The bourse in the letter, signed by its president Shakil Rizvi and dispatched Sunday, also pointed out that any policy marker's comments can have effects on a sensitive market like capital market, an employer of huge manpower.
The DSE letter also argued that bad loan creates in the banking industry, not in or from the stockmarket. The market has also a great contribution at the present record level foreign currency reserve of the country, as a number of non-resident Bangladeshis are investing their earnings in the local stockmarket, it further pointed out.