B Mirror Report:The Dhaka Stock Exchange Brokers Association of Bangladesh (DBA) has proposed raising the limit of Bangladesh Bank’s special fund for the stock market to Tk 300 crore per scheduled bank from the existing Tk 200 crore.

The brokers’ body has also sought a five-year extension of the facility, which is currently scheduled to expire on November 30, 2026.

DBA President Saiful Islam made the proposal in a letter sent to Bangladesh Bank Governor Md Mostaqur Rahman on October 6. A copy of the letter was also sent to Bangladesh Securities and Exchange Commission (BSEC) Chairman Masud Khan.

In the letter, the DBA said the special fund introduced by Bangladesh Bank has played a positive role in increasing investment in the stock market and supporting market development. The facility has enhanced banks’ institutional investment capacity while helping improve market liquidity, stability and investor confidence, it said.

Currently, each scheduled bank can form a special fund of up to Tk 200 crore. However, the facility is set to expire on November 30 this year.

The DBA said the stock market is facing a liquidity shortage while ongoing tensions in the Middle East have created additional uncertainty in the global economy. In this situation, the special fund facility should be strengthened rather than withdrawn, it said.

The association proposed increasing the fund limit to Tk 300 crore per bank and extending its tenure by five years until November 30, 2031.

According to the DBA, extending the limit and tenure would expand institutional investment opportunities in the stock market, helping increase liquidity and market depth while boosting investor confidence.

The association also said the fund could play an important role in the sustainable development of the stock market in the long term by creating greater scope for institutional investment through banks.

The DBA expressed hope that Bangladesh Bank would take the necessary steps to raise the fund limit and extend its tenure in consideration of the current market situation and the broader economic interests of the country.

It also pledged to continue working with Bangladesh Bank and other regulators through coordination and cooperation to implement government plans and initiatives for the development of the stock market.

The Dhaka Stock Exchange Brokers Association of Bangladesh (DBA) has proposed raising the limit of Bangladesh Bank’s special fund for the stock market to Tk 300 crore per scheduled bank from the existing Tk 200 crore.

The brokers’ body has also sought a five-year extension of the facility, which is currently scheduled to expire on November 30, 2026.

DBA President Saiful Islam made the proposal in a letter sent to Bangladesh Bank Governor Md Mostaqur Rahman on October 6. A copy of the letter was also sent to Bangladesh Securities and Exchange Commission (BSEC) Chairman Masud Khan.

In the letter, the DBA said the special fund introduced by Bangladesh Bank has played a positive role in increasing investment in the stock market and supporting market development. The facility has enhanced banks’ institutional investment capacity while helping improve market liquidity, stability and investor confidence, it said.

Currently, each scheduled bank can form a special fund of up to Tk 200 crore. However, the facility is set to expire on November 30 this year.

The DBA said the stock market is facing a liquidity shortage while ongoing tensions in the Middle East have created additional uncertainty in the global economy. In this situation, the special fund facility should be strengthened rather than withdrawn, it said.

The association proposed increasing the fund limit to Tk 300 crore per bank and extending its tenure by five years until November 30, 2031.

According to the DBA, extending the limit and tenure would expand institutional investment opportunities in the stock market, helping increase liquidity and market depth while boosting investor confidence.

The association also said the fund could play an important role in the sustainable development of the stock market in the long term by creating greater scope for institutional investment through banks.

The DBA expressed hope that Bangladesh Bank would take the necessary steps to raise the fund limit and extend its tenure in consideration of the current market situation and the broader economic interests of the country.

It also pledged to continue working with Bangladesh Bank and other regulators through coordination and cooperation to implement government plans and initiatives for the development of the stock market.