Business & Finance Club - Dhaka: Bangladesh's two stock exchanges yesterday issued a red alert, warning investors against a bubbling bourse, fearing these would burst soon unless urgent defusing measures were taken.

"The stock market is highly over-valued and will collapse in five to six months should the government not take urgent measures to stabilise the market," Dhaka Stock Exchange (DSE) President Shakil Rizvi told journalists at a press conference late on Saturday.

In a rare such move DSE called the press conference jointly with the Chittagong Stock Exchange (CSE), when the two operators issued the alert, saying some issue managers were fabricating the accounts of companies to bring them into the share market at higher face value.

The stock prices on both the DSE and CSE have rocketed in the last 15 days, pushing the indices to still higher records at every trading session.

The daily turnover on the DSE crossed 28 billion taka (Dh1.4 billion) on Thursday, which was the highest for the country's capital market.