Business Desk :
Merchant bankers have assured of taking necessary steps to inspire portfolio managers and their clients to help stabilise the market injecting their investable funds.
The assurance came from Bangladesh Merchant Bankers Association (BMBA) on Tuesday at a meeting held with top officials of Bangladesh Securities and Exchange Commission (BSEC).
At the meeting, it was discussed that some merchant banks and portfolio managers who earlier created sale pressure have investable funds.
“A decision of urging those merchant banks and portfolios managers to invest at least 10 per cent of those funds was taken at the meeting,” said a senior BSEC official.
The BSEC commissioner Dr Shaikh Shamsuddin Ahmed chaired the meeting attended by BMBA president Md. Sayadur Rahman and BSEC executive director Mohammad Rezaul Karim, among others.
The BSEC held the meeting as part of its move to interact with the stakeholders to stabilise the country’s stock market.
At the meeting, the BMBA representatives assured of their all-out support for stabilising the stock market.
The BSEC official said the merchant bankers spoke about ‘inactive’ funds of many investors who earlier offloaded securities.
