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Sylhet, March 29, 2008CSE Capital Market Fair in Sylhet ends with enthusiasmCSE President urged to expedite more Govt. Shares to Stock MarketSylhet, March 29, 2008: Chittagong Stock Exchange has organized a Seminar today titled “Bangladesh Stock Market- Investment Tools and Techniques” for the general investors in Sylhet on the occasion of CSE Capital Market Fair 2008 that ends with huge investors’ crowd. Immediate Past President of CSE Mr. MKM Mohiuddin while addressing his welcome speech, said, “CSE has arranged this seminar for the greater interest of investors in Sylhet. CSE Fair is an opportunity for the investors to know about the stock market in details. “The market regulators are now more efficient than in the past and the investors are now much protected by appropriate Rules and Regulations and there is hardly any chance to go back to 1996. However, this is the only market where the whole investment game is totally knowledge based. So, as an investor, it is important to know some investment tools and techniques to manage the market trends and get benefit out of it. I would request the investors, please take your own investment decision based on some study rather than depending on others advise or rumors."
Mr. Fakhoruddin Ali Ahmed, Vice President of CSE said, “CSE and NSE (National Stock Exchange of India) will take a training course of "Derivative" for the corporate institutions in Sylhet very soon." Mr. Mansur Alam, Member of Securities and Exchange Commission in his address said, “SEC sometimes take necessary measures in changing rules and regulation in order to protect small investors. Irrational price movement of some stocks may bring adverse impact on the stable market." Professor Abu Ahmed, Pro-Vice Chancellor of East West University while presenting his key note paper said, “The economy is going down the downhill. Macro economic stability is being threatened by at least one aspect: inflation. Macro economic stability is dependent on the price stability. In economics, there was a theory once that if there is high growth it is likely there will be high inflation-this is not true any more. An increased aggregate supply can absorb the inflationary pressure." He said, “Changes in the government had a significant impact on the stock market, after the declaration of emergency had put an end to political volatility, investors rushed to the market and showed enthusiasm as they expected that the new administration would offload and float government shares on the stock market quickly.” He criticized that due to some bureaucratic tangles among the govt. officials offloading state owned shares to go public is hampered. He urged government to punish them for their misconducts. He also requested SEC to make dialogue with Finance Ministry to expedite govt. shares through Stock Market. Mr. Arif Khan, General Manager, IDLC Finance Ltd. in his key note paper on Investment Tools and Techniques, said “Bangladesh Stock Market will ad new products like Derivatives, ETF etc. in future. Our regulatory body has been trying to introduce more mutual funds to the market and we observed that for NRBs there are more mutual funds are ahead. Investors will have more option to invest in various mutual funds.” Mr. AB Siddique, Chief Executive Officer of CSE while giving his vote of thanks, said “The market regulators are now more efficient than in the past. Investors are now much protected by the Rules and Regulations enacted time to time by the SEC, DSE and CSE. We are much confident that market satiation will never be liked 1996 debacle.” A total of 22 (twenty two) financial institutions are participating in the fair. They are: AB Bank Ltd-Investment Banking Division, Lankabangla Securities Ltd., Investment Corporation of Bangladesh, Islami Bank Bangladesh Ltd., IDLC Finance Ltd., Commercial Bank of Ceylon, Prime Bank Ltd, Green Delta Financial Services Ltd., BRAC Bank Ltd., National Credit & Commerce Bank Ltd., Eastern Bank Ltd., Sylhet Metro City Securities Ltd., Sylhet Securities Ltd., Hillcity Securities Ltd., S.R. Capital Ltd., ZATL Securities Ltd., Holy City Securities Ltd., International Securities Co. Ltd, Jalalabad Securities Ltd., Firstlead Securities Ltd. Salta Capital Ltd. and Chittagong Stock Exchange Ltd. At the end all the Stall Participants were awarded Certificates for their attendance in CSE’s 2nd Capital Market Fair 2008. Among the CSE Directors Mr. Bijan Chakroborty, Mr. Mohammad Fakhruddin, Dr. A Majeed Khan and Mr. Sarwar-E-Alam were present in the seminar |
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Mr. Nasiruddin Ahmed Chowdhury, President, CSE in his address said, “Bangladesh Capital Market in recent times has experienced some unprecedented growth rate. Since 2003, our market capitalization has increased nearly ten times, from USD1.67 billion to USD10.7 billion in 2007 which was around 16% to our GDP. Despite recent global equity market volatility, our market stayed relatively stable. This indicates that our capital market is promising and at whatever cost we must sustain this growth. Rise in all the market indicators was also largely traced to the good steps taken by all stakeholders in Bangladesh. Foreign investors are already thinking about Bangladesh as their investment destination. This is in the news. Perhaps you have observed it at home or abroad - that are told by some reputed news agencies now-a-days. The so-called black cloud of ‘image problem’ of Bangladesh is disappearing and the good days are coming ahead. The top telephone company Grameen Phone is finalizing their offers to go public. No doubt it is our achievement and this will initiate other big companies to come to capital market. There are demands in the market, what we need is to increase the supply side with good shares and if we can continue with this trend, I am very much optimistic that our market capitalization to GDP may hit a new record of 30% by the year 2010” 
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