Dhaka, Bangladesh (BBN) – The members of Bangladesh Association of Banks (BAB), a platform of the private bank owners, sit on Tuesday with the Securities and Exchange Commission (SEC) to hold a discussion on the overall stock market situation.

The scheduled meeting would be held at the SEC board room at 3.0pm to discuss the overall market condition and the role of the banks in the situation, the SEC officials said.

The BAB members will also discuss the launch of their proposed BDT 50 billion mutual fund to rejuvenate the market.

On Sunday, the BAB announced the launching of a BDT 50 billion stock market stabilization fund (SMSF) to help revamp the country’s stock market.

They will initially invest BDT 10 billion in the proposed fund, the size of which will be enhanced gradually.

BBN/SSR/AD-25Oct11-11:19 am (BST)