Economic Reporter :
Salman F Rahman, private industry and investment adviser to Prime Minister Sheikh Hasina, has said the condition of the share market will improve as the government has gained the trust of investors.
“Transactions in stock exchanges have also increased a lot,” he further said on Saturday at an online seminar titled “Post-budget discussion and ways to develop share market.”
Bangladesh Merchant Bankers Association (BMBA) and Capital Market Journalist Forum (CMJF) organised the programme.
“Our stock market has a long term problem of having no vibrant bond market. Bangladesh Securities and Exchange Commission is working on it too. So, I’m seeing good future in the stock market.”
Salman said new commission of the stock market regulator has taken many good steps so investor’s confidence returned to the market. As a result, turnover of the market rose along with the market capitalisation, he added.
“The basic problem with our capital market was it did not have any bond market, which is essential for a strong economy. As it has started, many banks and companies will be able to collect money through bonds,” he said.
He hoped that investments in the bond market would increase and the government would be able to collect money from this market if it was well-established. “Everyone will have more responsibilities once the market is established. Their management capabilities will have to be increased,” he said.
“We want to make the market a big source of capital for industries,” he said. HSBC also expressed that Bangladesh stock market has a good potential, he added. Prof Shibli Rubayat Ul Islam, chairman of BSEC, Commissioner Dr Sheikh Shamsuddin Ahmed, and Md Eunusur Rahman, chairman of Dhaka Stock Exchange (DSE), attended the seminar as special guests.
