Dhaka, Bangladesh (BBN) – The Dhaka Stock Exchange (DSE) will hold a joint meeting with the Securities and Exchange Commission (SEC), the Bangladesh Association of Banks (BAB) and the Association of Bankers, Bangladesh (ABB) on December 20 to devise ways to stabilize the market, officials said on Monday.
The DSE move comes amid the continuous fall in stock prices in the absence of significant participation by institutional investors.
A director of the DSE said the SEC, the BAB and the ABB had shown interest in the meeting, to be organized to reach a consensus on stabilizing the market by ensuring the institutional investors’ support.
“The DSE is trying, so that our initiatives do not hurt the investors further and help the market overcome the present critical situation,” the DSE director noted.
Earlier, the Chittagong Stock Exchange (CSE) held a meeting with the ABB on November 28.
At the meeting, the ABB representatives said there is no liquidity shortage in the market. Rather, lack of investors’ confidence and cooperation in policy formulation are responsible for the flagging market trend.
BBN/SSR/AD-10Dec12-12:10 pm (BST)