Economic Reporter :
Capital Market plays a significant role in the economy as a source of long term financing where financial literacy is a must for the stock market development, speakers say at a day-long seminar on financial literacy organized by Globe Securities Limited in the city on Saturday.
Professor Dr Fayzur Rahman of Electrical and electronics department, Green University was present as chief guest while Azizur Rahman, Chairman of the company presided over the program. Senior Manager Bin Yamin and Manager Mohammed Ibrahim were also attended among others. About 90 students from different universities took part at it. Shamsnun bin Zafor, Managing Director of Flintlock Limited was the trainer of it.
Dr Fayzur Rahman said there is no alternative without proper knowledge about stock market for contributing to the national economy.
A fair, efficient and transparent capital market is essential in a country for its industrialization and economic development. Although Bangladesh capital market has around 3.0 million investors, most of the investors are marginal and in lack of proper literacy. They make investment decisions mostly on rumors, intuitions and emotions as they are unable to interpret the information disclosed in the financial statements and other sources. It gives rise to information asymmetry in the market.
Financial literacy is knowledge about personal management of finances. It gives the twin benefit of protecting from financial frauds as well as planning for financially secured future.
Financial literacy gives consumers the necessary knowledge and skills required to assess the suitability of various financial products and investment opportunities available in the financial market.
Azizur Rahman said if mass people do not have financial literacy they will not be interested to the formal financial system and if they come forward without financial literacy, there is every possibility that they will not get the benefits.
He added that to include the financial education in our text curriculum, a national policy should be taken.
Capital Market plays a significant role in the economy as a source of long term financing where financial literacy is a must for the stock market development, speakers say at a day-long seminar on financial literacy organized by Globe Securities Limited in the city on Saturday.
Professor Dr Fayzur Rahman of Electrical and electronics department, Green University was present as chief guest while Azizur Rahman, Chairman of the company presided over the program. Senior Manager Bin Yamin and Manager Mohammed Ibrahim were also attended among others. About 90 students from different universities took part at it. Shamsnun bin Zafor, Managing Director of Flintlock Limited was the trainer of it.
Dr Fayzur Rahman said there is no alternative without proper knowledge about stock market for contributing to the national economy.
A fair, efficient and transparent capital market is essential in a country for its industrialization and economic development. Although Bangladesh capital market has around 3.0 million investors, most of the investors are marginal and in lack of proper literacy. They make investment decisions mostly on rumors, intuitions and emotions as they are unable to interpret the information disclosed in the financial statements and other sources. It gives rise to information asymmetry in the market.
Financial literacy is knowledge about personal management of finances. It gives the twin benefit of protecting from financial frauds as well as planning for financially secured future.
Financial literacy gives consumers the necessary knowledge and skills required to assess the suitability of various financial products and investment opportunities available in the financial market.
Azizur Rahman said if mass people do not have financial literacy they will not be interested to the formal financial system and if they come forward without financial literacy, there is every possibility that they will not get the benefits.
He added that to include the financial education in our text curriculum, a national policy should be taken.
