The securities commission and the Capital Market Stabilisation Fund (CMSF) have urged listed companies to play their due role in transferring undistributed dividends into the CMSF.
Their call came at a BSRC-BAPLC-CMSF tripartite dialogue on strengthening capital market through partnership on Thursday.
Bangladesh Securities Exchange Commission (BSEC) chairman Prof Shibli Rubayat Ul Islam said the CMSF was created for the sake of the market's development.
"Investors are the owners of undistributed dividends. So, the dividends will have to be transferred into the CMSF."
Prof Islam said undistributed dividends are being accumulated for the sake of investors and the market.
"Investors should not be afraid of a downward trend of the market. Markets of other countries are also seeing downward trend amid the global economic crisis."
BAPLC president M Anis Ud Dowla said listed companies should transfer undistributed dividend into the CMSF soon to facilitate its operations for the sake of market stabilisation.
"BSEC should also work to enhance the listing of good companies," he added.
BSEC commissioner Dr Shaikh Shamsuddin Ahmed said the BAPLC should play a more proactive role in bringing good companies to the market.
"We also expect their proactive role for the CMSF."
BAPLC vice-president Syed Nasim Manzur said the CMSF is doing its best to stabilise the market. "The fund is also working to restore investors' confidence."
BRAC Bank managing director Selim RF Hussain said the CMSF is a noble concept for the market.
"A close collaboration will be required to ensure target of the fund. We also need a large amount of foreign funds."
Former BSEC commissioner Arif Khan said the downward trend is now a global phenomenon. "So, investors should not be panicked."
Rupali Bank chairman Kazi Sanaul Huq suggested that the CMSF sit with listed banks to resolve the transfer of their undistributed dividends into the CMSF.
BAPLC former vice-president Riad Mahmud said listed companies should be given time for transferring dividends into the CMSF.
CSE chairman Asif Ibrahim said the market should be diversified introducing new products to enhance investors' participation.
Former NBR chairman Md Nojibur Rahman made the concluding remarks at the programme.
