Dhaka, Bangladesh (BBN)- The Securities and Exchange Commission (SEC) has sought help from the central bank of Bangladesh to keep stable the over-valued capital market.
Yeasin Ali, a member of SEC, urged the central bank to help rein in the share market, at a meeting with Bangladesh Bank Governor Atiur Rahman on Tuesday.
The calls for support came at a time when the capital market witnessed a volatile situation.
The DSE General Index saw a downward trend for a second day on Tuesday. The benchmark index declined 203 points or 2.48 percent to 7,980.9, down from Monday.
The SEC Executive Director Mohammad Saifur Rahman said the member urged the BB governor to be positive while taking any decision that concerns the capital market.
"At the meeting, the member particularly has stressed on two points: to increase liquidity supply and to reduce call money rates to help the market remain stable," Mr. Rahman added.
BBN/SI/AD-05Jan11-9:42 am (BST)