28 May 2007

Khulna investors under CSE net

CEO pledged door stop service

Chittagong Stock Exchange yesterday in its nation wide expansion program has opened its online trading facilities through its broker branch office ICB Securities Trading Company Ltd. in KHULNA a potential business hub in the country.

Mr. A B Siddique, CEO of CSE and Mr. Kamrul Islam Asad CEO of ICB Securities Trading Co. Ltd. are seen in the picture.

In the inauguration program, CEO of ICB Securities Trading Company Ltd. Mr. Kamrul Islam Asad told that we are grateful to CSE for taking the initiative for the greater interest of KHULNA based stock market investors. Today small savers residing in Khulna are much benefited as they will be able to diversify their portfolio investment into Stock Market, he further added.

Mr. A B Siddique, CEO of CSE said, “We have set our benchmark of facilitating online trading service at every door in the country. Besides our service to other cities at Dhaka, Chittagong, Sylhet, Rajshahi, Barisal and Cox’s Bazar- KHULNA has become our new baby. It has connected to our network through Digital Data Network (DDN) under Wide Area Network (WAN) facility. We shall be nursing the city as if the city can grow with its potentials. Every effort will be served to ensure our investors’ awareness and confidence” he said.

Talking about CSE’s pioneered projects, CEO said, “Automation in trading, Internet Trading Service, Central Depository Service, Nationwide Trading facility etc. all the projects were initially launched by CSE’s dynamic leadership. We are grateful to our Board Members for their dedicated efforts”.

He further said, “Our Capital Market eyes a good potentially in the future, many government stakeholders, multinational companies including leading cell phone providers have to come our market soon and thereby our market capitalization will be broaden enough. He said the country's stock market will see a major development when shares valued at US$1.0 billion will be floated within the next three to six months as eight large profitable state-owned companies will go public under the Direct Listing Regulation. The top telephone company Grameen Phone are finalising their offers to go public and this will be a positive signal to the investors. He said the 'image problem' of Bangladesh will be removed to a large extent. We are hopeful that a huge fund now invested in India and Pakistan stock markets by the Middle East, Japan and US-based investors will be diverted to Bangladesh stock market. He said the foreign investors are impressed with the higher yield from investment in bonds in Bangladesh markets. It is just the beginning and Bangladesh stock market will really have a bang in near future.

Among other CSE officials Mr. Golam Faruque, Manager & Incharge Dhaka Branch office, Mr. Hasnain Bari, Deputy Manager, Systems were also present at the program.