'Bigger participation of FIs to bring qualitative changes in stock market'
Thursday, 11 June 2009
FE Report
Chairman of Securities and Exchange Commission (SEC) Ziaul Haque Khandker Wednesday said that bigger participation of the Financial Institutions (FIs) in the stock market will bring qualitative and quantitative changes.
Addressing the formal opening ceremony of a brokerage house of Industrial and Infrastructure Development Finance Company Limited (IIDFC) in the city, the SEC chairman stressed the need of advisory and qualitative services to the customers by the brokerage houses.
The IIDFC recently opened its brokerage house operation at Eunoos Center in Motijheel Commercial Area in the city.
Mr. M Matiul Islam, Mr. M Syeduzzaman and Mr. Md. Asaduzzaman Khan, chairman, vice chairman and managing director respectively of IIDFC were present in the occasion.
Other participants includes member of SEC, Managing Directors/ CEO's and Senior officials of different Banks, Financial Institutions, brokerage houses and investors.
Mr. M Matiul Islam, in his welcome address expressed his gratitude to SEC Chairman for his cooperation to IIDFC Board and Management in the process of starting brokerage house operation.
Rakibur Rahman, President of Dhaka Stock Exchange, in his speech said that, the capital market got wide responses from the customers and now the market size stood at Tk. 7.0 billion.
"With the patronization of the government and the broker houses it is possible to raise about Tk. 200 billion to Tk. 300 billion from the stock market within a period of 2-3 years which can be utilized in the infrastructure development of the country," the DSE president said.
Md. Asaduzzaman Khan, Managing Director presented IIDFC crests to Mr. Ziaul Haque Khandker and Mr. Rakibur Rahman.
IIDFC is promoted by 10 banks and 3 FIs.
Mr. Irfanuddin Ahmed, MD, Bank Asia, Mr. Anis A. Khan, MD, Mutual Trust Bank, Mr. Mafizuddin Sarker, CEO, LankaBangla Finance, Mr. Sohail R. K. Hossain, DMD, City Bank, Mr. Imtiaz Hasib, DMD, Southeast Bank, Mr. Enamul Huq, MD, First Lease, Mr Mahmood Malik, MD, BIFC, Mr. Fariduddin, MD, Prime Securities, Mr. Fayekuzzaman, DMD, Agrani Bank and Mr. Monsur Alam, Member, SEC were present on the occasion.
Chairman of Securities and Exchange Commission (SEC) Ziaul Haque Khandker Wednesday said that bigger participation of the Financial Institutions (FIs) in the stock market will bring qualitative and quantitative changes.
Addressing the formal opening ceremony of a brokerage house of Industrial and Infrastructure Development Finance Company Limited (IIDFC) in the city, the SEC chairman stressed the need of advisory and qualitative services to the customers by the brokerage houses.
The IIDFC recently opened its brokerage house operation at Eunoos Center in Motijheel Commercial Area in the city.
Mr. M Matiul Islam, Mr. M Syeduzzaman and Mr. Md. Asaduzzaman Khan, chairman, vice chairman and managing director respectively of IIDFC were present in the occasion.
Other participants includes member of SEC, Managing Directors/ CEO's and Senior officials of different Banks, Financial Institutions, brokerage houses and investors.
Mr. M Matiul Islam, in his welcome address expressed his gratitude to SEC Chairman for his cooperation to IIDFC Board and Management in the process of starting brokerage house operation.
Rakibur Rahman, President of Dhaka Stock Exchange, in his speech said that, the capital market got wide responses from the customers and now the market size stood at Tk. 7.0 billion.
"With the patronization of the government and the broker houses it is possible to raise about Tk. 200 billion to Tk. 300 billion from the stock market within a period of 2-3 years which can be utilized in the infrastructure development of the country," the DSE president said.
Md. Asaduzzaman Khan, Managing Director presented IIDFC crests to Mr. Ziaul Haque Khandker and Mr. Rakibur Rahman.
IIDFC is promoted by 10 banks and 3 FIs.
Mr. Irfanuddin Ahmed, MD, Bank Asia, Mr. Anis A. Khan, MD, Mutual Trust Bank, Mr. Mafizuddin Sarker, CEO, LankaBangla Finance, Mr. Sohail R. K. Hossain, DMD, City Bank, Mr. Imtiaz Hasib, DMD, Southeast Bank, Mr. Enamul Huq, MD, First Lease, Mr Mahmood Malik, MD, BIFC, Mr. Fariduddin, MD, Prime Securities, Mr. Fayekuzzaman, DMD, Agrani Bank and Mr. Monsur Alam, Member, SEC were present on the occasion.