The Securities and Exchange Commission
(SEC) chairman has met the finance minister, a few hours ahead of an
emergency meeting the prime minister has called with the capital market
stakeholders for Wednesday evening and the meeting will start at 7 pm.
After the noon audience with A M A Muhith, M Khairul Hossain told reporters, " I came to see the finance minister to speak about that meeting to be succeed."
He declined comment on the possible measures that may the follow meeting with prime minister Sheikh Hasina to prop the share market up.
"You'll know that after the meeting," was all he said to waiting journalists with some grate expectation.
Asked why the capital market has been on a freefall since he took over at the helm of the capital market regulator, Khairul sought to defend his record. "The steps taken to stabilise the capital market in the past six months had not been taken in the past 10 years but investor failed to regain confidence."
"Who knows where the market would have gone if we hadn't taken the steps," he exclaimed!
"The share market is an evolving thing. Global stocks also see continuous downtrend with EURO zone cirsis. And it's not that the market has been only on downward spiral (abnormal)…it also went up. At one stage, the DSE general index hit 6500 points," he added but after Eid it fall again very sharp.
Asked whether any representative of the retail investors will be there at the meeting with Hasina, he said, "A delegation of the retail investors handed me a memorandum on Tuesday. I'll inform the prime minister about their demands to safe them."
Khairul was arrying a document "Bangladesh Bank's duty to stabilise the capital market immediately and the roll of all stakeholder of the market".
After the noon audience with A M A Muhith, M Khairul Hossain told reporters, " I came to see the finance minister to speak about that meeting to be succeed."
He declined comment on the possible measures that may the follow meeting with prime minister Sheikh Hasina to prop the share market up.
"You'll know that after the meeting," was all he said to waiting journalists with some grate expectation.
Asked why the capital market has been on a freefall since he took over at the helm of the capital market regulator, Khairul sought to defend his record. "The steps taken to stabilise the capital market in the past six months had not been taken in the past 10 years but investor failed to regain confidence."
"Who knows where the market would have gone if we hadn't taken the steps," he exclaimed!
"The share market is an evolving thing. Global stocks also see continuous downtrend with EURO zone cirsis. And it's not that the market has been only on downward spiral (abnormal)…it also went up. At one stage, the DSE general index hit 6500 points," he added but after Eid it fall again very sharp.
Asked whether any representative of the retail investors will be there at the meeting with Hasina, he said, "A delegation of the retail investors handed me a memorandum on Tuesday. I'll inform the prime minister about their demands to safe them."
Khairul was arrying a document "Bangladesh Bank's duty to stabilise the capital market immediately and the roll of all stakeholder of the market".
