Dhaka, Oct. 7 -- Dhaka Stock Exchange Brokers Association of Bangladesh (DBA) has urged Bangladesh Bank to raise the ceiling of its special fund facility for the capital market from Tk 200 crore to Tk 300 crore per scheduled bank and extend its tenure by another five years, until November 30, 2031.

The brokers' body said the move is needed to tackle the prevailing liquidity crisis in the stock market, boost institutional investment and strengthen investor confidence.

In a statement issued Wednesday, the DBA said it submitted a formal letter on Tuesday to Bangladesh Bank Governor Mostaqur Rahman.

A copy of the letter was also sent to Bangladesh Securities and Exchange Commission (BSEC) Chairman Masud Khan.

According to the DBA, the spe...