DSE, CSE join hands to stabilise market

FE Report The high-ups of the country's two bourses have decided to work together to stabilise the markets. They have also decided to monitor weather the sponsorsdirectors are buying shares or not to comply with the securities regulator's recent directive relating to requirement of minimum 30 per cent shares of any listed companies or 2.0 per cent for individual director. The key persons of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) took the decision at a joint meeting held at the DSE board room Wednesday. After the meeting, DSE President Shakil Rizvi told the journalists that they were monitoring the market every moment to know whether the sponsorsdirectors are buying shares or not to comply with the regulator's recent directive. Mr Rizvi said the two bourses will also work together to implement the SEC-announced market rejuvenation package to stabilise the market. Newly elected President of CSE Mohammad Al Maruf Khan said, "We discussed the present market situation and agreed to work together to stabilise the market by implementing SEC-announced package." Mr Khan said the sponsorsdirectors of some companies have already started to buy shares in line with the regulator's directive and some have expressed their willingness to buy shares. "We hope, the market will gradually be stable and investors will regain their lost confidences," said Mr Khan.