DSE asks govt to allow investment of undisclosed money in capital market

Dhaka Stock Exchange urged the government to allow unquestioned investment of undisclosed money in the capital market for the sake of a vibrant market in the country, as bourses usually go bearish.DSE officials made the plea at a pre-budget meeting with the National Board of Revenue (NBR) on Wednesday morning.

A press briefing at his office after the meeting, DSE president Md Rakibur Rahman said that if the government allowed question-free investment in the pre-IPO and placement or secondary market, then it would help develop the capital market and additional employment would be created through this measure.

The huge amounts of undisclosed money, stuck-up in private coffers, have to be brought in the mainstream economy of the country, and through this the liquidity crisis of the capital market would be solved, he suggested.

The chief of the premier bourse also said that big companies would get capital from the share market and invest for industrialization, which will create employment.

"There is no alternative other than capital market for industrialization and employment generation through utilizing undisclosed money to bring it in the mainstream economy," he said.