November 16, 2011

The Prime Minister's emergency meeting with stock market stakeholders.

The prime minister is holding an emergency meet this evening with more than 20 stock market stakeholders to over come the current market crisis.

The meeting began at Sheikh Hasina's official residence Ganabhaban at 7.40pm this evening (Wednesday). It comes in the wake of massive falls in stock prices for three consecutive days after the nine-day Eid holidays  and a series of street protests by small investors.

The battered index of Dhaka Stock Exchange soared on the two bourses buoyed by the news of the brainstorming and lack of investor confidence..

Finance minister A M A Muhith, local government minister Syed Ashraful Islam, prime minister's adviser H T Imam are also present at the meeting this evening.

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 are also attained the discussion.

Finance secretary Mohammad Tarek, Bank and Financial Institutions Division secretary Shafiqur Rahman Patwari, NBR chairman Nasiruddin Ahmed and member Amir Hossain, bankers' association Bangladesh Association of Banks chairman Nazrul Islam Majumder were also seen entering the meeting hall.
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 ae also there.
 Pubali Bank chairman Hafiz Uddin, state-owned Rupali Bank chairman Ahmed Al Kabir and Standard Bank chairman Kazi Akramuddin are also present there.

This  meeting is going on when this post is writing. All the investors and market participant are eager to know the out come of the meeting. Some critics are saying it is too late to take such a step. But all loser investor are waiting with a lot of hope to get out from the present crisis of the prime stock market of the country.