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Rajshahi ICB investors face problems


Published : 21 Sep 2021 12:41 AM

Investors of Investment Corporation of Bangladesh (ICB), Rajshahi, have been facing multifarious problems for more than 15-year but the authorities concerned are yet to take any measures to fix those problems. 

It is learnt, absence of any lift to ride the fifth floor of the ICB trading house, hassle in online trading and no training of the investors to invest their money in safe shares are some of the problems that the ICB investors in Rajshahi are facing regularly. 

The online share trading at the ISTCL, a subsidiary organisation of ICB, started operation in 2005. The trading house of ISTCL is situated on the fifth floor of Gaffar Plaza of Ganakpara at Shaheb Bazar. 

At present there are nearly 25,000 investors of three organisations-ICB, the subsidiary organisations ISTCL and the Capital Management. Due to a recent rise of the prices of most shares, the broker houses in Rajshahi including the ISTCL are being visited by a large number of investors nowadays. 

Sources said the recent trend of price hike of shares has increased the presence of investors at the ISTCL several times in the last couple of months. The price hike of the shares is also attracting many new entrepreneurs to invest their money in the share business. But, due to absence of any training they are not getting courage to invest their money in shares. 

Absence of knowledge on online share trading is forcing many elderly share traders to visit the broker houses regularly to learn the latest information about the trading. They think such visits to the broker houses regularly and to ride on the fifth floor of the building on foot is often tiresome and hazardous to them. 

Abdus Sabur (63), a senior Journalist of Rajshahi informed many share traders in Rajshahi have no idea about the online share trading.

It is essential to arrange training on online share trading for those share traders in Rajshahi. He also said, it is also hazardous for the elderly share traders to ride the fifth floor of the trading house daily on foot, which is why the trading house should be shifted to a building having a lift connection. 

Poly Khatun (22) and Sraboni Khatun (18) who has also invested some money in share business informed they do not have any experience about the potentiality of any share. 

As a result, they have invested their money through another share trader who assured them to pay a part of the profit earned from their share. They said, if they are trained properly to deal in various shares, they would independently conduct their share business. 

There are many aged, ill and female investors who also visit the ISTCL broker house at Ganakpara regularly. They complained, even after 11-year of operation, the broker house has not been connected with a lift to ease the investors to ride on the fifth floor to conduct their trading. After writing a report in the newspaper on the issue in 2010, the authorities of ISTCL became active and assured the investors to connect the house with a lift. But, later, for mysterious reasons, no lift has so far connected. 

Ahsan Ullah, Manager of ISTCL, Rajshahi, informed that there are more than Tk 200 million (20 crore) of transactions at the ISTCL daily. He said a proposal to shift the trading house from this building has been sent to the Dhaka Head Office years ago but due to the Coronavirus pandemic all such works remained suspended. 

ICB Branch Manager DGM Motaleb Hossain in this connection informed a proposal to shift the trading house with a lift connected building was sent to Bangladesh Bank and the Finance Ministry last year. But, due to the Coronavirus pandemic the work of such shifting remained suspended.