November 16, 2011

Bangladesh's PM Sheikh Hasina has called an emergency meeting with stakeholders on Wednesday evening at 7pm.

SEC  chairman M Khairul Hossain confirmed to media on Tuesday about the meeting as on 16.11.11. 
According to chairman of
the Commission, the finance minister, Bangladesh Bank governor, Bank and Financial Institutions Division secretary, National Board of Revenue chief, head of Investment Corporation of Bangladesh and the representatives of banks and insurance companies are expected to attend the meeting to find out a way for stabling the stock market.

The Commission chief had a meeting with the prime minister earlier in the day. "PM called me up later and informed about the meeting," he added.

After the December-January capital market scam, the government formed a committee to investigate the matter but no practical out put. Several steps, including overhaul of SEC, were taken following the panel's proposals to find out a new way.

Several other steps were also taken by bankers, the central bank, NBR and ICB to stabilise the sagging stock market but most of the effort failed to make confidence of the investor.
 

Finally nothing seemed to be working out as the prices of shares have been maintaining the downward trend.

On Tuesday, the Dhaka Stock Exchange general index lost 228.20 points or 4.67 percent to stand at 4649.32 points at close and investor protest in the street.