The ‘It’s one market, double policy’ was probably introduced to protect all traders in the market. However, this is negatively impacting traders with limited capital with diversified portfolios, who cannot make bulk purchases of a particular stock from the block market, while traders with deep pockets can make huge profits even at the floor price on the main trading platform. are earning After buying shares in the block market.”
“It’s not an ideal market situation, but it’s becoming one.”
Defending the move, BSEC executive director and spokesperson Mohd Rezaul Karim said the policy was introduced after considering requests from market intermediaries to allow traders to diversify their portfolios.
“Another objective was to increase the overall turnover of the capital markets,” he said.
Asked whether the policy is discouraging trading in any way, Rezaul said that his calculations show that only 5-10 per cent of the total trading takes place on the block market on a particular day, which “affects the market”. too insignificant to do”.
However, real-time statistics show slightly higher numbers.
On Sunday, 14.44 per cent of the total business on the DSE took place in the block market, while on the next day, 13.48 per cent of the total business took place in the block market.
When asked whether the regulator is considering withdrawing the policy, Rezaul said BSEC will make an announcement if it decides to stop it.
[Writing in English by Adil Mahmood]