Dhaka, Bangladesh (BBN)- The Chittagong Stock Exchange (CSE) will sit with the listed banks on Wednesday aiming to bring back the stability in the market through assessing their participations, officials said.
The CSE President Al Maruf Khan said they have invited the banks to discuss about the factors behind their low participation in the market. "We will ask the banks whether they want any support from the stock exchange to overcome the problems that are discouraging them from providing adequate support to restore stability in the market."
The CSE’s latest move came against the backdrop of declining trend in both stock exchanges in the recent months.
Meanwhile, the Dhaka Stock Exchange (DSE) officials said recently the participation of the institutional investors, including the banks, has drastically decreased.
The benchmark DSE General Index (DGEN) lost 338 points in the last seven consecutive trading sessions to close at 4,027 points on Tuesday. On the other hand, the turnover value also came down to four-month-low of BDT 1.66 billion on the day.
BBN/SSR/AD-28Nov12-7:59 am (BST)
