CA gives 5 directives for addressing capital market fallout

Chief Adviser Prof Muhammad Yunus on Sunday ordered authorities to implement five directives for alleviating the ongoing stock market volatilities and winning investors’ confidence.

The Nobel Laureate gave the directives at a meeting in State Guest House Jamuna, attended by Finance Adviser Dr Salehuddin Ahmed, BSEC Chairman Khondoker Rashed Maqsood and the CA’s Special Assistant on Economic Affairs Anisuzzaman Chowdhury.

The directives are:

> Taking steps for listing multinational companies, where the government has stakes, by reducing the government stakes in these entities

> Taking necessary steps, including giving incentives, for encouraging big local businesses to enlist with the stock market

> Reforming the capital market within three months with support from foreign professionals

> Taking strict actions against those rigging the capital market

> Taking steps for encouraging businesses, which need big loans, to reduce ban-reliance and raise capital through bonds and equities at the capital market