The Bangladesh Securities and Exchange Commission (BSEC) Chairman, Professor Shibli Rubayat-Ul-Islam, stated at a seminar organized by the Reporters’ Forum (ERF) on Tuesday (July 11) that there is more profit potential when the market is volatile. He explained that when the market is stable and performing well, the chances of making profits decrease.
According to the BSEC Chairman, many investors approach him to inquire about when the floor price will lift. He clarified that he is not in favor of manipulating the floor price. However, due to the Ukraine-Russia conflict, he had to impose restrictions on the floor price to safeguard the interests of investors.
He expressed his desire to lift the floor price and emphasized that he would lift it as quickly as possible. However, certain conditions need to be met in the market to justify increasing the floor price. If investors’ funds are secure, he will lift the floor price.
The event was inaugurated by the Editor-in-Chief of the ERF, Abul Kashem, and chaired by Refayet Ullah Mirdha, the President of the organization. The main article was presented at the seminar by Mohammad Mofazzal, a member of the ERF.
During this time, Chairman of the Dhaka Stock Exchange (DSE) Hafiz Mohammad Hasan Babu, Chairman of the Chittagong Stock Exchange (CSE) Asif Ibrahim, Chairman of the Capital Market Stabilization Fund, Najibur Rahman, Chairman of NRB Commercial Bank SM Parvez Tamal, and President of the Asset Management Company and Mutual Fund Association, Hasan Imam, were present at the event.
