Daily Sun-January 30,2012 Monday
Bangladesh Merchant Bankers Association (BMBA) President Muhammad A Hafiz yesterday urged the merchant banks not to go into forced sale of shares to protect the interest of the general investors.
“I must request the merchant banks to safeguard the investors' interest since safeguarding the investors will keep our businesses alive”, he added.
The BMBA President made the call during a press conference at BMBA auditorium in the city, said a press release.
Md Moshihur Rahman, general secretary of BMBA, Jahangir Miah, chief executive officer of Janata Capital and Investment Ltd and Pankoj Ray Chowdhury, deputy general manager director of Agrani Equity and Investment Limited, were also present at the press conference.
A Hafiz also said some misinterpretations of the stock market have created confusion among the investors. But he urged the investors not to be panicked saying that “It is the proper time for investment in the share market since the current PE ratio stands around 11.”
“I must request the merchant banks to safeguard the investors' interest since safeguarding the investors will keep our businesses alive”, he added.
The BMBA President made the call during a press conference at BMBA auditorium in the city, said a press release.
Md Moshihur Rahman, general secretary of BMBA, Jahangir Miah, chief executive officer of Janata Capital and Investment Ltd and Pankoj Ray Chowdhury, deputy general manager director of Agrani Equity and Investment Limited, were also present at the press conference.
A Hafiz also said some misinterpretations of the stock market have created confusion among the investors. But he urged the investors not to be panicked saying that “It is the proper time for investment in the share market since the current PE ratio stands around 11.”
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