Prime Minister Sheikh Hasina will be apprised of stock market situation and achievements of securities regulator over the last five years today.
Bank and Financial Institutions Division, and Bangladesh Securities and Exchange Commission will present an overview of the market performance and regulator’s achievements, including recent demutualisation of stock exchanges, said a senior official at the banking division.
Finance Minister AMA Muhith, banking secretary M Aslam Alam, BSEC chairman professor M Khairul Hossain and other officials is expected to attend the meeting at the Prime Minister’s Office.
Since stock market debacle in late 2010, the government is making efforts to bring back investor confidence from the brink. Since then, the market is going through volatility as it still bears nightmare of stock crash.
The government is also reluctant to offload shares of state owned enterprises in the stock market in excuse of unstable stock market. The benchmark index of Dhaka Stock Exchange rose 11% from January 5 to February 25 this year.
Earlier, the government decided to extend by one more year term the appointment of the present chairman and four BSEC commissioners, as their three-year term will end between May and July this year.
Finance minister AMA Muhith said performance of BSEC chairman Prof M Khairul Hossain and four members has so far been good as we saw the country’s two bourses more or less stable during their time.
