FE Report (January 20, 2011)
The Securities and Exchange Commission (SEC) has said that regulator imposed all of its tools to rein in the volatile market, sources said.
The SEC Chairman Ziaul Haque Khondker Wednesday said this at a meeting held at the residence of Finance Minister AMA Muhith.
Two advisors to Prime Minister Sheikh Hasina -- HT Imam and Dr. Mashiur Rahman, Bangladesh Bank (BB) Governor Dr. Atiur Rahman, two SEC members -- Muhammad Yasin Ali and Md. Anisuzzaman -- attended the meeting chaired by AMA Muhith.
According to meeting sources, the SEC chairman expressed concern over the situation prevailing in the stock market.
At the meeting the BB governor said the BB is trying hard to support the stock market.
He also expressed his concern adding, "it might not be possible to control the market by providing fund support."
Finance minister disagreed with the SEC's proposal to split face value of Tk 10 of the shares of the companies at a time.
However, no concrete decision was taken at the meeting, except the introduction of circuit breaker on Wednesday for DSE index and to postpone the book building method temporarily.
The Securities and Exchange Commission (SEC) has said that regulator imposed all of its tools to rein in the volatile market, sources said.
The SEC Chairman Ziaul Haque Khondker Wednesday said this at a meeting held at the residence of Finance Minister AMA Muhith.
Two advisors to Prime Minister Sheikh Hasina -- HT Imam and Dr. Mashiur Rahman, Bangladesh Bank (BB) Governor Dr. Atiur Rahman, two SEC members -- Muhammad Yasin Ali and Md. Anisuzzaman -- attended the meeting chaired by AMA Muhith.
According to meeting sources, the SEC chairman expressed concern over the situation prevailing in the stock market.
At the meeting the BB governor said the BB is trying hard to support the stock market.
He also expressed his concern adding, "it might not be possible to control the market by providing fund support."
Finance minister disagreed with the SEC's proposal to split face value of Tk 10 of the shares of the companies at a time.
However, no concrete decision was taken at the meeting, except the introduction of circuit breaker on Wednesday for DSE index and to postpone the book building method temporarily.
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