Merchant banks promise to play due role for brining stability in share market

Dhaka, Bangladesh (BBN)– Bangladesh Merchant Bankers Association (BMBA) has pledged to play its due role for the sake of a sustainable stock market.

The commitment came from BMBA President Sheikh Murtoza Ahmed at a press briefing held at a city hotel on Thursday after the leaders of the association sat for a meeting on current capital market situation.

“We will come forward for the sake of capital market,” Mr. Ahmed said, adding that the merchant bankers from now on will behave like institutional investors.

He also expressed his satisfaction as the market showed its positive trend due to investors’ matured behavior in last three days.

The BMBA president also mentioned about the limitations of providing sufficient margin loans.

BBN/SI/AD-28Jan11-2:52 pm (BST) 

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