The Bangladesh Securities and Exchange Commission (BSEC) has decided to implement a set of measures in the capital market to improve its current state.
The decision came at a policy meeting held at the Prime Minister’s Office (PMO) on Thursday (Jan 16), said a BSEC statement.
It said that decision was taken to enhance the participation of banking and non-banking institutions in the stock market.
The meeting discussed in details about six short and long term plans to infuse dynamism into the capital market and improve it further with the BSEC being directive to implement some short-term decisions soon, the statement added.
The decisions also include arrangement for providing loan facilities to the merchant bankers and institutional investors on simple condition, increasing the investment capacity of the Investment Corporation of Bangladesh (ICB), taking necessary step to attract foreign investment and creating confidence in the local market.
The other decisions are taking measures for boosting the institutional investment and taking steps to enlist the multinational companies and state owned enterprises and companies to increase the supply of quality IPOs in the market.
The meeting was informed that the higher level of the government would take due steps in this regard while steps will also be taken gradually identifying the long-term problems.