The Dhaka Stock Exchange (DSE) is planning to set up a help desk to clarify rumours about the share market so that none can manipulate the market.
“To clarify rumors the DSE is will set up an information cell,” DSE President Rakibur Rahman told the reporters after a meeting with the Securities and Exchange Commission (SEC) on Sunday. Investors will be able to shed light on rumours through the help desk, he added. The DSE also will take action on the rumors.
Commenting on the current political environment, he said there will be political unrest in developing countries like ours and investors who will invest in sound companies will have the probability to gain rather than lose.
He also said that there is no possibility to extend time for the directors and sponsor directors to buy shares to fulfill minimum regulatory requirement.
The DSE met the market regulator to place budget proposals to the regulator to be discussed with the Finance Minster later.
Talking to daily sun DSE senior vice president Ahmed Rashid Lali said that the DSE thinks there should be a help desk to clarify rumors on the share market so that vested quarters are not able to take the opportunity by spreading rumours. The desk will help investors and brokers making things clear during the trading hours, he added.
He also said issue would be placed in the next board meeting and then it will be finalised. In the budget proposal the DSE urged the government to keep dividend income tax free up to Tk 25,000.
The DSE also recommended giving 50 percent tax rebate on investment of at least Tk 50,000 in the share market by any individual whose yearly minimum net income is Tk 10 lakh.
The DSE will recommend to the government to make tax deviation between listed and non-listed firms by five percent as it would encourage non-listed companies to be listed in the bourses. Recommendations will be made to reduce tax from 42 percent to 37 percent for listed banks, insurance and non-banking financial institutions.