STAR BUSINESS REPORT

The stock market regulator yesterday urged the Bangladesh Association of Publicly Listed Companies (BAPLC) to increase their investment in the market.

The call came at a meeting between the Bangladesh Securities and Exchange Commission (BSEC) and the association at the office of the regulator in Dhaka.

The BAPLC is the only organisation in Bangladesh that represents the publicly listed companies in the country.

BAPLC President M Anis Ud Dowla led the association at the meeting, which was presided over by BSEC Commissioner Shaikh Shamsuddin Ahmed.

At the meeting, sponsors and directors of the companies were asked to buy shares through declaration since shares of many companies are trading below their face value, said an official of the commission.

In Bangladesh, sponsors and directors can’t buy or sell shares in the two months before the end of a fiscal year and until the financial statement of the preceding year is adopted at the board meeting.