Betting, brokers behind the scene

Kay and Que, recorded on the Dhaka Stock Exchange as a Z class share, climbed an amazing 293 percent in 2017. In like manner, Dulamia Cotton Mills increased 223 percent and Savar Refractories 193 percent around the same time. 

Then again, the blue-chip share file, DS30, speaking to the loads of the extensive, settled and monetarily solid organizations, increased 25.32 percent. 

Authorities of the Bangladesh Securities and Exchange Commission called attention to two factors behind the unordinary ascend in the cost of the Z class shares. 

Initially, a few financial specialists lean toward Z classification shares. Second, a couple of stockbrokers help speculators in purchasing the most exceedingly terrible performing shares, giving them edge advances and offer netting openings in a rupture of standards. 

The edge advances and the offer netting openings make buildup about the Z classification shares, said an authority identified with the examination of the BSEC. 

The Z classification is an exchanging stage for most exceedingly terrible performing organizations. An offer is assembled in this class if an organization is out of task, does not declare a profit for a year or does not hold yearly broad gathering. 

In 2009, the BSEC gave a mandate not to stretch out edge credits to purchase Z class partakes with a specific end goal to get control over their unusual value climb. A BSEC examination group found that no less than 10 representatives stretched out edge advances to financial specialists to purchase Z class partakes in 2017 and 2018 and were appropriately punished. 

The controller likewise found that Dynamic Securities Consultants, Hedayetullah Securities and Associated Capital gave share netting chances to purchase Z classification shares, again infringing upon a BSEC order. They were punished as well. 

Offer netting is a money related change office that licenses financial specialists to purchase and offer offers of a similar organization around the same time. 

"These stockbrokers don't speak to the more extensive stockbroker group," said Mostaque Ahmed Sadeque, leader of the Dhaka Stock Exchange Brokers Association. 

Now and again a couple of authorities fall back on bad behavior however it brings terrible notoriety for all stockbrokers, he included. 

"The cure is the little top board that is taken after around the world," said Mohammed Rahmat Pasha, CEO of UCB Capital Management. 

Institutional financial specialists would make exchanges in the little capital board no one but, which could control the strange value climb of Z classification shares. The DSE is attempting to set up a little capital stage. 

"We can't prevent individuals from purchasing these sorts of offers. We can just bring issues to light," said Saifur Rahman, representative for the BSEC. 

However, in the event that a merchant helps speculators in purchasing Z class shares the BSEC will punish them, he included.