Dhaka, Bangladesh (BBN) – Leaders of the country’s premier bourse –Dhaka Stock Exchange (DSE) –will sit on Sunday with top 30 brokerage firms to boost daily turnover value in the stock market, officials said on Saturday.
A number of large institutional investors have also been invited to attend scheduled meeting to ensure their significant participation in a move to restore the market stability, they added.
The top agenda of the meeting will be to find out why turnover is declining, even though there are no major reasons for low turnover, a DSE official said, adding that low turnover becomes a great concern for the market.
The DSE returned to negative territory again on Thursday, a day after moderate gain, with turnover declined to seven and a half-month low as liquidity crisis continued in the stock market.
The lack of confidence and lower participation of institutional investors dragged down the market as turnover value failed to cross even BDT 2.5 billion Thursday.
If any problem is identified, the DSE board will sit with the Securities and Exchange Commission (SEC) to find a solution, they noted.
BBN/SSR/AD-11Sept11-1:07 am (BST)
