President of Dhaka Stock Exchange (DSE) Shakil Rizvi Sunday said due to various steps taken by the government, general investors have regained confidence on the capital market. This will help the stock market to get stabilize.
Rizvi said this while talking to newsmen on the recent bullish trend in the capital market. DGEN gained more than 750 points in the last two consecutive sessions.
"I think investors got their confidence back from the various steps of government. If confidence can be restored, intervention from the government won't be needed," Rizvi said adding that Finance Minister's assurance to stop the forced sell by the merchant banks largely contributed to Sunday's sharp rise.
On Sunday's trade, Out of 259 issues traded, 251 advanced and only 8 declined. Majority of the issues had no seller as retail and institutional investors were in the buying mood
"Investors should judge the fundamentals of the company ahead of investing. They should avoid 'over valued' shares".
Awareness of investors is one of our cornerstones, Mr Shakil added.
In reply to another question, the DSE chief said, demutualization is a long process and it will take time to be implemented.
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