Capital mkt needs quality IPOs
DSE board meets BSEC chairman
FE Report | Tuesday, 3 March 2020
The country's capital market requires more companies having good fundamentals to enhance the market cap to GDP (gross domestic product) ratio like other neighbouring countries.
The chairman of Dhaka Stock Exchange (DSE) Md. Eunusur Rahman said this on Monday while the newly-formed board of the premier bourse made a courtesy call on the chairman of the securities regulator.
"Bangladesh has much scope of enhancing market cap to GDP ratio compared to neighbouring countries. We should work to turn the ratio into 100 per cent," DSE chairman Mr. Rahman said.
Professor M Khairul Hossain, chairman of the Bangladesh Securities and Exchange Commission (BSEC), three BSEC commissioners namely professor Helal Uddin Nizami, Dr. Swapan Kumar Bala, and Khondoker Kamaluzzaman were present at the meeting held with the DSE board.
In his speech, BSEC chairman Mr. Hossain said investors' confidence and market's vibrancy depend on the role of the exchange's independent directors.
"The DSE's board has been comprised of experienced independent directors who came from different sectors. Investors have much expectation on independent directors," BSEC chairman Hossain said.
The DSE independent directors professor Md. Masudur Rahman, Ms Salma Nasreen, Md. Muntakim Ashraf, and Dr. AKM Masud, among others, were present at the meeting held with BSEC top officials.