Finance minister blames rumours for sinking share prices
Dhaka, Jan. 3 -- Finance Minister AHM Mustafa Kamal has identified rumours as the reason behind the free fall of share prices.
He says rumours are preventing the stock market from turning around.
The capital market of Bangladesh is experiencing the biggest depression since the 2010 crash.
The market began to turn around by the end of 2016 but slipped back into the losing trend in 2018.
In 2019, the situation worsened and the market now stands at where it had been three years ago.
"Rumours are running the stock market now. This is why the stock market cannot turn around," Kamal said when the directors of the Dhaka Stock Exchange and members of Bangladesh Securities and Exchange Commission met him on Thursday.
He warned the rumourmong...
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