FE Report
The Securities and Exchange Commission (SEC) said it would be forced to intervene in the market if DSE members or any market players violated the existing rules and regulations.
The securities regulator said this Tuesday at an emergency meeting with the leaders of Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE) and the banks dealing with stocks.
The meeting was called following a sudden share price rise in the last two trading sessions.
On July 5, Dhaka stocks rose more than two per cent, taking the benchmark index DGEN to an all time high to close at 6354.68, beating the previous all time high of 6332.68 set on June 13.
On Tuesday, the market also gained more than 70 points in the first hour and finally the market ended its session with a marginal gain of 0.016 points.
The SEC Executive Director Anwarul Kabir Bhuiyan said the regulator discussed the present market situation.
"Normally the SEC is not in favour of intervening in the market. But if the market related rules and regulations are violated by DSE members and bank brokers, the SEC will intervene in the market," he said.
The meeting was chaired by SEC Chairman Zia-ul Haq Khondakar.
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