The assurance came when SEC Chairman Mirza Azizul Islam raised the issue with Bangladesh Bank (BB) Governor Fakhruddin Ahmed at a meeting in Dhaka yesterday.

At a meeting with Dhaka Stock Exchange officials on December 1, US Ambassador to Bangladesh Harry K Thomas said he heard from some American investors that they were facing problems regarding fund and proceeds transfer, sources said.

Following the allegation DSE officials requested SEC chairman to solve the problem by taking the issue with the central bank.

The BB and SEC have agreed to enhance coordination between them for improving the regulatory functions of the two watchdogs.

After the meeting with BB governor, SEC chairman told The Daily Star that the governor ruled out the allegation that there exists any problem about fund transfer but assured that if there is any particular case the central bank would look into that.

"The governor put emphasis on coordination between the central bank and the SEC and to do that he has agreed to hold a meeting with SEC in every three-month," Azizul Islam said.

The meeting also discussed issues like floating quality initial public offering, introducing government bonds in secondary market and ways of increasing investment in capital market.

Meanwhile, both share markets were showing signs of recovery yesterday after price fall in three consecutive days.

Of the total 181 issues traded yesterday at Dhaka Stock Exchange (DSE), 106 advanced, 47 declined and 28 remained unchanged. A total of 35.57 lakh shares and debentures worth Tk 15.51 crore changed hands as against Tk 18.39 crore on Tuesday.

DSE General Index increased by 6.47 points to close at 946.96 from Tuesday's 940.49. DSE 20 index also gained 10.89 points to stand at 1233.61 as against 1222.71 on Tuesday.

The price indices at Chittagong Stock Exchange also closed higher, both in terms of volume and value yesterday with the gainers outnumbering the losers.

All Share Price Index gained by 0.19 points or 0.01 per cent to close at 1654.36 points from 1654.17 points on Tuesday.

CSE Selective Index also went up by 0.99 points or 0.06 per cent to close at 1539.89 points from Tuesday's 1538.90 points.

Out of 66 listed issues traded yesterday, 33 gained, 15 declined and eight remained unchanged.

Some 3,833,411 shares and debentures valued at Tk 19.14 crore were transacted yesterday as against 3,065,868 shares worth Tk 6.79 crore on the previous trading day.

Market capitalisation stood at Tk 77.56 billion from Tk 77.43 billion on Tuesday.