Finance minister A M A Muhith is holding a meeting with the capital market stakeholders.
The meeting is expected to discuss ways to stabilise the stock market and also steps necessary to compensate retail investors.
"An announcement is likely to follow the meeting… If not, the decisions will definitely be announced on Monday," Muhith said earlier on Sunday.
The meeting, chaired by the finance minister, started around 7pm in the conference room of the Planning Commission at Sher-e-Bangla Nagar.
Last Wednesday, prime minister Sheikh Hasina met more than 20 market stakeholders at her official residence Ganabhaban. The meeting followed massive fall in stock prices in the days following the nine-day Eid recess and a series of street protests by small investors.
Hasina promised that the government will do whatever is needed to prop up the market.
The finance minister also met with some of the stakeholders on Friday. Stock market regulator SEC chief M Khairul Hossain said measures were taken as per the decisions of the meeting with the prime minister were on track but declined to elaborate.
The trading on the stock market is witnessing a positive trend since Wednesday's meeting.
The previous week's trading ended in a flurry of exchanges with the turnover topping Tk 4.26 billion on Thursday with most issues marking a healthy rise.
The general index of the Dhaka Stock Exchange registered a 129.14-point or 2.49 percent gain at the close of trading on Sunday.
Finance secretary Mohammad Tarek, Bank and Financial Institutions Division secretary Shafiqur Rahman Patwari, Pubali Bank chairman Hafiz Uddin, Standard Bank chairman Kazi Akramuddin, Bangldesh Association of Banks' chairman Nazrul Islam Mazumder, Association of Bankers' Bangladesh chairman Mahmud Sattar, Insurance Association president Sheikh Kabir Hossain, Insurance Development Regulatory Commission chairman Shefayet Ullah, Investment Corporation of Bangladesh managing director Mohammad Fayekuzzaman and CDBBL managing director or chief executive officer are believed to be present in the meeting.
SEC chairman Khairul, its members Helal Uddin Nizami, Amzad Hossain, Arif Khan and A Salam Sikder, Dhaka Stock Exchange president Shakil Rizvi and Chittagong Stock Exchange chairman Fakhruddin Ali Ahmed and four directors of the country's two stock exchanges are also attending the meeting.
Bangladesh Bank's former governor Mohammad Farash Uddin, former SEC chairman Faruk Hossain and lawyer Anisul Haque have also joined the meeting.
The meeting is expected to discuss ways to stabilise the stock market and also steps necessary to compensate retail investors.
"An announcement is likely to follow the meeting… If not, the decisions will definitely be announced on Monday," Muhith said earlier on Sunday.
The meeting, chaired by the finance minister, started around 7pm in the conference room of the Planning Commission at Sher-e-Bangla Nagar.
Last Wednesday, prime minister Sheikh Hasina met more than 20 market stakeholders at her official residence Ganabhaban. The meeting followed massive fall in stock prices in the days following the nine-day Eid recess and a series of street protests by small investors.
Hasina promised that the government will do whatever is needed to prop up the market.
The finance minister also met with some of the stakeholders on Friday. Stock market regulator SEC chief M Khairul Hossain said measures were taken as per the decisions of the meeting with the prime minister were on track but declined to elaborate.
The trading on the stock market is witnessing a positive trend since Wednesday's meeting.
The previous week's trading ended in a flurry of exchanges with the turnover topping Tk 4.26 billion on Thursday with most issues marking a healthy rise.
The general index of the Dhaka Stock Exchange registered a 129.14-point or 2.49 percent gain at the close of trading on Sunday.
Finance secretary Mohammad Tarek, Bank and Financial Institutions Division secretary Shafiqur Rahman Patwari, Pubali Bank chairman Hafiz Uddin, Standard Bank chairman Kazi Akramuddin, Bangldesh Association of Banks' chairman Nazrul Islam Mazumder, Association of Bankers' Bangladesh chairman Mahmud Sattar, Insurance Association president Sheikh Kabir Hossain, Insurance Development Regulatory Commission chairman Shefayet Ullah, Investment Corporation of Bangladesh managing director Mohammad Fayekuzzaman and CDBBL managing director or chief executive officer are believed to be present in the meeting.
SEC chairman Khairul, its members Helal Uddin Nizami, Amzad Hossain, Arif Khan and A Salam Sikder, Dhaka Stock Exchange president Shakil Rizvi and Chittagong Stock Exchange chairman Fakhruddin Ali Ahmed and four directors of the country's two stock exchanges are also attending the meeting.
Bangladesh Bank's former governor Mohammad Farash Uddin, former SEC chairman Faruk Hossain and lawyer Anisul Haque have also joined the meeting.
0 comments:
Post a Comment