Adequate steps taken in 6 months to stabilise market: SEC
Dhaka, Nov 16 (UNB) - Chairman of the Securities and Exchange Commission Dr M Khairul Hossain on Wednesday said the measures taken in the last six months to revitalise the soggy stock market were not seen even in the past 10 years.
“Had those steps not been taken, no body knew where the stock market would have plunged into,” Khairul told reporters at Finance Ministry.
He said market reform is a continuous process and there is nothing unusual in market fall as it is seen in stock markets across the world.
Replying to a question on the meeting called by the Prime Minister on the share market, Khairul said, “You’ll know it in the evening what steps are being taken to make the market vibrant.”
In response to another query about downtrend in the last six months, he said the market also saw uptrend during the period. “The index had even crossed 6000 points.”
The SEC chairman said he had talked to the representatives of investors and he would place their demands at the meeting with Prime Minister Sheikh Hasina.
“No good person will be there in the SEC if they aren’t appreciated,” Khairul said.
Prime Minister Sheikh Hasina is going to sit in an emergency meeting at Ganobhaban with capital market stakeholders at 7:00pm to discuss the current stock market situation.
The SEC chairman, the finance minister, the central bank governor, the Bank and Financial Institutions Division secretary, the National Board of Revenue chairman, the chief of Investment Corporation of Bangladesh, leaders of Bangladesh Insurance Association, Bangladesh Association of Banks, Association of Bankers, Bangladesh, and presidents of Dhaka and Chittagong bourses are expected to attend the meeting.
“Had those steps not been taken, no body knew where the stock market would have plunged into,” Khairul told reporters at Finance Ministry.
He said market reform is a continuous process and there is nothing unusual in market fall as it is seen in stock markets across the world.
Replying to a question on the meeting called by the Prime Minister on the share market, Khairul said, “You’ll know it in the evening what steps are being taken to make the market vibrant.”
In response to another query about downtrend in the last six months, he said the market also saw uptrend during the period. “The index had even crossed 6000 points.”
The SEC chairman said he had talked to the representatives of investors and he would place their demands at the meeting with Prime Minister Sheikh Hasina.
“No good person will be there in the SEC if they aren’t appreciated,” Khairul said.
Prime Minister Sheikh Hasina is going to sit in an emergency meeting at Ganobhaban with capital market stakeholders at 7:00pm to discuss the current stock market situation.
The SEC chairman, the finance minister, the central bank governor, the Bank and Financial Institutions Division secretary, the National Board of Revenue chairman, the chief of Investment Corporation of Bangladesh, leaders of Bangladesh Insurance Association, Bangladesh Association of Banks, Association of Bankers, Bangladesh, and presidents of Dhaka and Chittagong bourses are expected to attend the meeting.
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