BMBA and ICB will work to resolve the unrest in the stock market

Stock Merchant Bankers Association (BMBA) and Investment Corporation of Bangladesh (ICB) will work jointly to make the stock market more dynamic. From now on, the two companies will exchange regular information and exchange. This decision was taken at a bilateral meeting held at the ICB on Monday afternoon.

According to sources, today's meeting is mainly organized to discuss the situation and to discuss the situation in view of recent unrest in the stock market. But not only for the short term, the market has not been revived, but in addition to the long-term stability in the market prevails, today's meeting.

In the meeting held in the chairmanship of ICB managing director Kazi Sanaul Huq, BMBA president Md. Nasir Uddin Chowdhury, general secretary Khairul Bashar Abu Taher Mohammad, members of the Executive Committee of BMB, CEO of ICB Capital Management Limited Md. Sohel Rana and senior officials of the ICB were present.

Regarding the meeting, BMBA General Secretary Khairul Bashar Abu Taher Mohammad said that BMBA is trying to work regularly for the development of the stock market. They have taken the initiative to further strengthen their role in the recent instability of the market. As part of this, the meeting with the ICB has been held today.

He said, the state-owned investment company is the country's largest institutional investor. Many of the impact on the market. The ICB is always trying to give support to the market. Today's meeting is to discuss the role that the organization is thinking about, what is the status of new investment, how can the BMBA work jointly with the ICB, to discuss how it can play a role in the development of the market.

Khairul Bashar Abu Taher Mohammad said that in the coming days they will hold meetings with the CEOs of the bank's executives, BAB and the companies listed in the stock market to discuss various aspects of market development.

In the meeting, both the organizations agree on jointly discussing various issues, including changing the definition of exposure to the capital market, keeping strategic investment out of exposure.Read More