Critical situation of the stock market

On April 27, 2016, Bangladesh Bank issued an ambiguous directive regarding exposure of scheduled banks in the stock market. Earlier Bangladesh Bank directed the banks to bring down the exposure to 25 percent by June 30, 2016. After that declaration, every day the stock market shed points. The present directive is inadequate, late and not transparent. The finance minister categorically announced a few months back that the time limit will be extended for two years. The bourses demanded four years up to 2020. The present directive does not specify the time frame and will not help to salvage the stock market and the morale of millions of investors.

We would like to draw the attention of the relevant authorities to address the critical stock market situation. 

Dr. SN Mamoon
Dhaka