Dhaka: Securities & Exchange Commission (SEC) chairman M Khairul Hossain on Friday said that the process of stabilizing the capital market is moving in the right direction following the assurances given by the Prime Minister at a recent meeting.
The SEC chairman made the remarks after a meeting of the concerned officials at the Secretariat on Friday with Finance Minister AMA Muhith in the chair.
National Board of Revenue (NBR) chairman Dr. Nasiruddin Ahmed, Bank and Financial Institution Division secretary Shafiqur Rahman Patwari, Insurance Development and Regulatory Authority (IDRA) chairman M Shefaque Ahmed, Investment Corporation of Bangladesh (ICB) managing director M Faequzzaman, Bangladesh Bank deputy governor Nazrul Huda, and SEC members Helal Uddin Nizami, Amzad Hossain and Arif Khan, among others, attended the meeting.
SEC chairman M Khairul Hossain said that work is going on following the Prime Minister's directives during a meeting at Ganobhaban on Wednesday night. Necessary pragmatic steps are being taken in the interest of the market.
He said the Finance Minister will again meet with the Prime Minister as a follow-up on the decisions taken in the meeting.
Replying to a question, the SEC chairman said hopefully, stability would return in the market soon and each of the decisions taken in the Wednesday's meeting would be implemented.
SEC member Helal Uddin Nizami said a positive trend is already seen in the market following the intervention of the Prime Minister. He also hoped that there would be further positive trend in the market once the decisions are announced officially.
Finance Minister AMA Muhith, however, declined to make any comment about the outcome of the day's meeting and also about the share market.
Earlier, on Wednesday night, Prime Minister Sheikh Hasina held an emergency meeting at Ganobhaban with the SEC and other stakeholders.
After that meeting, SEC member Arif Khan said a detailed plan will come out in a day or two on how to prop up the capital market. The meeting discussed a host of issues relating to the market. UNB
The SEC chairman made the remarks after a meeting of the concerned officials at the Secretariat on Friday with Finance Minister AMA Muhith in the chair.
National Board of Revenue (NBR) chairman Dr. Nasiruddin Ahmed, Bank and Financial Institution Division secretary Shafiqur Rahman Patwari, Insurance Development and Regulatory Authority (IDRA) chairman M Shefaque Ahmed, Investment Corporation of Bangladesh (ICB) managing director M Faequzzaman, Bangladesh Bank deputy governor Nazrul Huda, and SEC members Helal Uddin Nizami, Amzad Hossain and Arif Khan, among others, attended the meeting.
SEC chairman M Khairul Hossain said that work is going on following the Prime Minister's directives during a meeting at Ganobhaban on Wednesday night. Necessary pragmatic steps are being taken in the interest of the market.
He said the Finance Minister will again meet with the Prime Minister as a follow-up on the decisions taken in the meeting.
Replying to a question, the SEC chairman said hopefully, stability would return in the market soon and each of the decisions taken in the Wednesday's meeting would be implemented.
SEC member Helal Uddin Nizami said a positive trend is already seen in the market following the intervention of the Prime Minister. He also hoped that there would be further positive trend in the market once the decisions are announced officially.
Finance Minister AMA Muhith, however, declined to make any comment about the outcome of the day's meeting and also about the share market.
Earlier, on Wednesday night, Prime Minister Sheikh Hasina held an emergency meeting at Ganobhaban with the SEC and other stakeholders.
After that meeting, SEC member Arif Khan said a detailed plan will come out in a day or two on how to prop up the capital market. The meeting discussed a host of issues relating to the market. UNB
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