The Bangladesh Securities and Exchange Commission will hold a meeting today with the DSE Brokers Association of Bangladesh to discuss the current stock market situation and how to improve the market.
DBA secretary Md Didarul Gani said, 鈥楴o specific agenda has been decided yet. However, various issues due to which the market has been witnessing bearish trend and confidence crisis even after the political change will be discussed.鈥�
BSEC chairman Khondoker Rashed Maqsood will preside over the meeting with senior officials of the regulatory body attending at the BSEC building at Agargaon in the capital Dhaka.
Board members of the DBA will attend the meeting under the leadership of Saiful Islam, president of the DBA.
The stock market regulatory body recently held two rounds of discussions with capital market stakeholders, including the Dhaka Stock Exchange, the Chittagong Stock Exchange, the Central Depository Bangladesh Limited, the Central Counterparty Bangladesh Limited and the Bangladesh Institute of Capital Market.
In the meetings, the stakeholders proposed several steps, including ensuring proper financial reporting, amending the initial public offering rules, reinitiating process of directly listing of government and multinational companies for the development of the country鈥檚 stock market.
The capital market has been on a bearish trend in recent weeks, which prompted a section of investors to hold protest rallies in front of the old DSE building at Motijheel and the BSEC building at Agargaon in the capital Dhaka.
DSEX, the key index of the DSE, lost a total of 313 points in the past three weeks.
The commission has recently formed a task force to prepare a report on necessary reforms in the country鈥檚 stock market, planning and recommendations for raising confidence of the investors and ensure good governance on the capital market.
