Market Players’ Role in Stock Volatility: Finance Adviser
- Update Time : 11:06:06 am, Saturday, 21 December 2024
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Interim government finance adviser Dr. Salehuddin Ahmed has stated that investors are not to blame for the volatility in the stock market. Speaking at the launch of the sixth edition of the Banking Almanac at SIRDAP auditorium on Saturday, December 21, he emphasized the significant responsibility of market players and regulators in ensuring stability. Dr. Ahmed noted that some investors are purchasing “Z-category” shares without substantial value, which eventually become worthless. While addressing the issue of stock price drops leading to protests, he stated he does not support such reactions.
Highlighting issues with data manipulation over the past 15 years, Dr. Ahmed mentioned efforts to reform and ensure transparency in the financial and banking sectors. He also shared plans to establish a national single window system to streamline access to business-related information, reducing bureaucratic hurdles.
The event, chaired by Dr. Hossain Zillur Rahman, former caretaker government adviser and acting chairman of the Banking Almanac editorial board, included remarks from Executive Editor Syed Ziauddin Ahmed, Finance Secretary Dr. Md. Khairuzzaman Mozumder, Bangladesh Bank Deputy Governor Nurun Nahar, and BAB Chairman Abdul Hai Sarkar. Other notable speakers included Mohammad Nurul Amin, former ABB chairman, and Almanac Project Director Abdar Rahman.
