Number of investors halved in 10 years: DSE Chairman

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Number of investors halved in 10 years: DSE Chairman

The number of investors in the capital market has halved in the last 10 years. Dhaka Stock Exchange (DSE) Chairman Mominul Islam commented that active investors are much less.

He said these things at a press conference organized by DSE at the Dhaka Club in the capital on Thursday (January 9).

Chairman of DSE said that in the last 10 years, a weak IPO market worth Tk 6.5 billion has come. Having good company was negligible. The market has contracted tremendously, completely failing to play the role it was supposed to play in the financial sector. The way we have nurtured the irregular inefficiencies for a long time has hindered capital markets from being positive.

He said, one of the measures of capacity in the capital market is the amount of foreign investment. At present, the amount of foreign investment has fallen below 1 percent. The amount of corporate bonds though said to be one percent is actually not more than 0.51 percent. New IPOs, Corporate Bonds and Mutual Funds are our priority in the market.

He also said, “If we can’t enable the institutions, then we may go back to the control of individuals.” It will take us some time to enable the institutions. The capital market will hold the place of leadership and coordination. DSE will need skilled manpower to take it forward. We are hiring full manpower with leadership qualities. We are hoping that the market will improve, investors will come back. IT security audit is very important. We are reviving the DSE web site. Especially how to digitize the IPO. Bond market is also a management issue, we are working in coordination with BSEC.

Mamunul Islam said that we are working with the affected investors and that no one should be affected in the future. We are doing that too. Working on how to prevent insider trading and manipulation. Research is very important in market development. The level of research in our market is very low and we are working on how to increase it.

He said that although the government is watching the banking sector, the capital market has been neglected. I am working on how the capital market gets on the government’s pyro list. Capital market in different countries of the world has helped the banks to advance. It can be done in our country too.

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