BMBA puts thrust on raising depth of stock market

The leaders of Bangladesh Merchant Bankers Association (BMBA) have stressed the need for proper utilisation of capital market in the country's industrialisation and infrastructure development.

They laid emphasis on the listing of multinational and local large companies to enhance the depth of the country's capital market.

They also demanded the government policy in favor of making the multinational companies listed in the stock exchanges.

The BMBA leaders were speaking at its 14th annual general meeting (AGM) held on Saturday at a city hotel.

The meeting was presided over by the BMBA president Mohammed Nasir Uddin Chowdhury. Khairul Basher Abu Taher Mohammed, secretary general of the association read out the notice of the 14th AGM, says a press release.

Members of the executive committee and the general members of the association also attended the meeting.

The annual report and audited financial statements of the association for the year ended 31 December 2018 was considered and adopted unanimously at the AGM.

Nasir Uddin Chowdhury urged the members that the meeting is very meaningful and important because, through the day's constructive dialogue and active participation of the members, we will be able to plan another new year of success.

The president of the BMBA, in his speech, said that the money which is scattered in different hands cannot help the country's economy.

But this money turns into a big capital when invested through the capital market, said Mr Chowdhury.

He noted that market-friendly policy from the government can make country's capital market more vibrant.

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