FE Report (January 31, 2011)
Strengthening supply side of stocks and increasing the number of shares in the market, state owned enterprises and big companies like telecom should immediately come into the market to sustain the development of stock market, participants viewed at a discussion meeting, reports UNB.
They called for stern action against manipulations and shoddy trading.
Dhaka Chamber of Commerce and Industry (DCCI) organized the round table discussion on the current situation capital market that has suffered debacle recently to the worries of small investors. The 2-day roundtable held at DCCI conference hall ended Sunday.
DCCI president Asif Ibrahim moderated the discussion session. Past DCCI presidents and the members of the DCCI Board of Directors took part in the discussion.
The discussants viewed that the economic development of a country is impossible without the proper growth of its capital market. To this end, the government should establish some short-term, mid-term and long-term rules and regulations.
They stressed on reforms and professionalism amongst stakeholders, awareness among small investors by training and emphasized on proper monitoring of the overall mechanism.
Encouraging retail investors to portfolio investment, broad research and consultancy services, education and training of retail investors etc. are some of the crucial needs, the discussants said.
They also said that to increase the market index, strengthening the supply side of stocks and increasing the share in the market, SOEs and large companies like telecom should immediately come into the market.
They emphasized on capacity building of SEC and a guideline-based research and information cell.
In course of discussion they felt the necessity of discouraging commercial banks to invest in capital market and recommended a flexible process of listing of the company in stock market.
The leaders of the premier chamber also called for an immediate reassessment of the actual asset base, turnover, debt/equity ratio of all the Z category listed companies.
DCCI senior vice president TIM Nurul Kabir, past presidents ATM Waziullah, R Maksud Khan, ASM Quasem, MH Rahman, Aftab-ul Islam, Benajir Ahmed, MA Momen, Hossain Khaled and Abul Kasem Khan, directors Syed Mosharraf Hossain, Hossain A Sikder, Niaz Rahim, M Bashir Ullah Bhuiyan, Mahabub Anam, Waqar Ahmad Choudhury, ASM Mohiuddin Monem, Osman Gani, Khairul Majid Mahmud, KMN Manjurul Hoque, Al-haj M Nasiruddin Khan, M Anwarul Haque, Absar Karim Chowdhury, M Abu Horaira, Md Sirajul Islam (Bulbul) and Acting Secretary Ferdaus Ara Begum were present and took part in the discussion.
They called for stern action against manipulations and shoddy trading.
Dhaka Chamber of Commerce and Industry (DCCI) organized the round table discussion on the current situation capital market that has suffered debacle recently to the worries of small investors. The 2-day roundtable held at DCCI conference hall ended Sunday.
DCCI president Asif Ibrahim moderated the discussion session. Past DCCI presidents and the members of the DCCI Board of Directors took part in the discussion.
The discussants viewed that the economic development of a country is impossible without the proper growth of its capital market. To this end, the government should establish some short-term, mid-term and long-term rules and regulations.
They stressed on reforms and professionalism amongst stakeholders, awareness among small investors by training and emphasized on proper monitoring of the overall mechanism.
Encouraging retail investors to portfolio investment, broad research and consultancy services, education and training of retail investors etc. are some of the crucial needs, the discussants said.
They also said that to increase the market index, strengthening the supply side of stocks and increasing the share in the market, SOEs and large companies like telecom should immediately come into the market.
They emphasized on capacity building of SEC and a guideline-based research and information cell.
In course of discussion they felt the necessity of discouraging commercial banks to invest in capital market and recommended a flexible process of listing of the company in stock market.
The leaders of the premier chamber also called for an immediate reassessment of the actual asset base, turnover, debt/equity ratio of all the Z category listed companies.
DCCI senior vice president TIM Nurul Kabir, past presidents ATM Waziullah, R Maksud Khan, ASM Quasem, MH Rahman, Aftab-ul Islam, Benajir Ahmed, MA Momen, Hossain Khaled and Abul Kasem Khan, directors Syed Mosharraf Hossain, Hossain A Sikder, Niaz Rahim, M Bashir Ullah Bhuiyan, Mahabub Anam, Waqar Ahmad Choudhury, ASM Mohiuddin Monem, Osman Gani, Khairul Majid Mahmud, KMN Manjurul Hoque, Al-haj M Nasiruddin Khan, M Anwarul Haque, Absar Karim Chowdhury, M Abu Horaira, Md Sirajul Islam (Bulbul) and Acting Secretary Ferdaus Ara Begum were present and took part in the discussion.
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