Crucial talks for stocks set for Sunday

Finance Minister AMA Muhith will sit with different stakeholders on Sunday to discuss the current situation in the stockmarket.
The meeting to be held at the conference room of the finance ministry will also review the implementation of the market stabilisation package and its impact on the market, people close to the issue said.
The meeting will also discuss a special scheme on compensating the retail investors who lost money to downswings.
Although the Securities and Exchange Commission, instructed by Prime Minister Sheikh Hasina, unveiled a 21-point market stabilisation package on November 23 last year, the market is still on a declining trend, they said.
The stabilisation package failed to put a positive impact on the market, they said.
“It will be reviewed how much of the package has been implemented,” said one of them.
The SEC set a three-month time to February this year to implement the mid-term steps of the market stabilisation package.
Under the mid-term measures, the SEC is supposed to allow advisory services for investment to develop a rumour-free market and publication of equity research to ensure access to information by investors, academicians and policymakers.
The mid-term measures also include formulation of guidelines for corporate governance to ensure transparency and accountability of the listed firms, and finding out ways to increase the capital of merchant banks and subsidiaries.
The Sunday's meeting will be attended by representatives from the SEC, Dhaka and Chittagong bourses, Federation of Bangladesh Chambers of Commerce and Industry, Metropolitan Chamber of Commerce and Industry, Dhaka Chamber of Commerce and Industry, Insurance Development and Regulatory Authority, Investment Corporation of Bangladesh, Bangladesh Insurance Association, Bangladesh Association of Banks, Association of Bankers, Bangladesh, Bangladesh Merchant Bankers Association, Bangladesh Association of Publicly Listed Companies and Bangladesh Association of Asset Management Companies.