November 17, 2011

All are positive : BAB Leader Exclaimed!!

Coming out from an emergency meet of the prime minister with more than 20 stock market stakeholders, bankers' leader Nazrul Islam Majumder had just a one-liner to throw: "All news are positive."

The Bangladesh Association of Banks chairman was all smiles.

The meeting to prop up the wilting market took place at Sheikh Hasina's official residence Ganabhaban from 7.40pm to 11.22pm Wednesday.

Finance minister A M A Muhith told reporters on his way out that the SEC chairman would do a briefing about the meeting.

The meet follows massive fall in stock prices for three consecutive days after the nine-day Eid holidays and a series of street protests by small investors.

Local government minister Syed Ashraful Islam and prime minister's adviser H T Imam were also present at the meeting.

Stock market regulator SEC chairman M Khairul Hossain, 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 were also present.

Finance secretary Mohammad Tarek, Bank and Financial Institutions Division secretary Shafiqur Rahman Patwari, NBR chairman Nasiruddin Ahmed and member Amir Hossain were also at the meeting.

Bangladesh Bank deputy governor Nazrul Huda, Investment Corporation of Bangladesh managing director Mohammad Fayekuzzaman, Insurance Association president Sheikh Kabir Hossain, Insurance Development Regulatory Commission chairman Shefayet Ullah were also seat for the meeting.

Also present were Pubali Bank chairman Hafiz Uddin, Rupali Bank chairman Ahmed Al Kabir and Standard Bank chairman Kazi Akramuddin.