They observed that such a hush-hush stance on the issue by the government was leading the country's capital market to instability and volatility again.
On Monday, the DSE general index lost 212.34 points, triggering a fresh street protest by general investors. The index was at 6,540.60 points on April 7 when the probe committee handed over its report to the finance minister. On Monday, it stood at 5,863.97 points, losing 677 points in just two weeks.
The analysts and experts said as the government was frequently changing its stand on making the probe report public and as the finance minister was making pessimistic remarks about taking action based on the report, uncertainty among the invertors deepened and it turned into panic recently.
They also said that diverse statements made by stakeholders like Securities and Exchange Commission, Dhaka Stock Exchange, people named in the report as suspected manipulators and the probe committee chief were also making the investors jittery.
Mirza Azizul Islam, former finance adviser of the interim government, said, 'Investors are in deep confusion about the possible government moves about the probe report as it is yet to come up with any specific indication on the issue.'
He said, 'The government should immediately make the probe report public as it is and also declare a possible course of action based on the report.'
Mirza Aziz, however, advised the investors not to be panicked.
Salahuddin Ahmed Khan, a Dhaka University finance teacher, said, 'At this stage the government should come up with an immediate action considering the interest of the market and investors.'
'Manoeuvres of the suspected manipulators might affect the market once again if the government makes delay in taking any move based on the probe report,' he said.
Akter H Sannamat, a capital market analyst, said, 'After Mondays' demonstrations, it seemed that the investors had become impatient.'
'Mondays' protest and recent volatility at the stock market are the result of the government's failure in handling the probe report,' he said.
Sannamat said, 'A precise action from the government is the only remedy in the current situation of the market.'
Head of the stock market probe committee Khodker Ibrahim Khaled on April 7 handed over the probe report to the finance minister Abul Maal Abdul Muhith. Muhith. On that day at a briefing at his office the finance minister said that the government would make the report public by deleting the names in it.
Source: New Age
