Dhaka, Bangladesh (BBN)– Bangladesh Share Investors’ Association (BSIA) has urged the government to take proper initiatives for a sustainable stock market expressing deep concern over the continuous plunges in the market.

The press release was served after a meeting held at a city hotel where the members of BSIA discussed the overall situation of the stock market.

At a meeting the investors raised question regarding the responsibilities of the Securities and Exchange Commission (SEC), merchant banks, brokerage firms, institutional investors and state-owned investment bank – ICB.

“A vested quarter is trying to tarnish the image of government by making the stock market unstable,” a BSIA press statement said. “Why were proper initiatives not taken one year ago when the market was going up abnormally?” it questioned.

“A vested quarter is eagerly waiting for a big disaster and the government should be alert about such conspiracy,” the press release added.

The investors also urged the bourses to disclose the information of daily transaction for the greater interest of investors.

BSIA convener Mizan-Ur-Rashid Chowdhury, co-convener Abdur Razzak, member secretary Jahangir Alam and co-member secretary AKM Firoz were present in the meeting along with others, according to the statement.

BBN/SI/AD-18Jan11-12:34 am (BST)