DSE Training Academy: A milestone in training on securities market
Sunday, 23 September 2007
Bazlur Rahman
WITH the aspiration of imparting time-bound training on securities market, country's first training academy has started its journey at the Dhaka Stock Exchange Limited which is located at 158-160 Modhumita Building (8th Floor), Motijhell C/A, Dhaka-1000 recently.
The academy is expected to play a catalytic role in spreading technical and practical education pertinent to both domestic and international securities market. While inaugurating the DSE Training Academy the Boston-educated economist and country's Finance and Planning Adviser Dr. A.B. Mirza Azizul Islam said that there was no alternative to setting such an institute for imparting securities market relevant education among the practitioners and investors.
Starting in 1954 country's capital market has crossed a long way but there has not been any formal way of catering to the need of imparting fundamental and basic training through institutional set up. Securities market and people concerned with this have felt the urgency for such a training academy. It is not that there was no training on securities, rather there was no institution dedicated to this special need. After inaugurating it, the former SEC Chairman Aziz said that he also felt the requirement of such an institute when he served the SEC but he could not get the plan implemented.
The absence of a formal and institutional arrangement of education on securities market had been always a headache for the knowledge-thirsty investors and professionals. Through the DSE Training Academy the worries have been removed and a new era has been created in the meantime, commented the DSE Chief Executive Officer Professor Salahuddin Ahmed Khan. Echoing the tone of Finance Adviser about the demand and urgency of training on securities market Salahuddin Ahmed Khan said with this mile-stone setting project the DSE will make the investors more aware so that they can judge before making any investment in capital market. Apart from experts inside the country, the DSE will arrange training programme inviting resource persons from foreign country, which will surely bring a drastic and dramatic change in the arena of securities market related education, observed the DSE Chief Executive Officer.
Financial Analysts always suggest that without prior experience and making fundamental judgment on the strength of a company no one should dare to buy shares of that group . History tells us that October 19, 1987 was a black Monday in the history of capital market as without any prior and evident reason share prices fell 23 percent at NYSE on that day. But today situation is totally different and no probability of a 1996 like share price nosediving again in the Bangladesh market..
Under the present circumstances if any investor knows some basic factors of a company including the value of net asset of that company, Earning Per Share (EPS), Total Asset, Total Liabilities, Credit Worthiness, Total Annual Turnover, Future Prospect, Holding of Annual General Meeting, Declaration of Dividend (Cash, Bonus or in Stock) then he or she can decide easily whether shares of that company is suitable to buy or not.
People not involved in the share market usually think that share market means gambling and speculation. But with the passage of time and supervision of the capital market's regulatory body, SEC and DSE's own monitoring department along with surveillance division, there is now not so much scope for gambling and speculation. And the setting up of the DSE Training Academy will surely spread awareness among the investors. The former SEC Boss Mirza Aziz heavily emphasised on including morality and ethics-based training at the DSE Training Academy . The SEC current Chairman Faruq Ahmed Siddiqi also expressed his optimism that initiation of institutional training through DSE Training Academy will definitely bring a new and completely hopeful picture for all of us. On the very first day the DSE arranged a two-day training programme for the members of the Economic Reporters' Forum and it was a successful one. Long live the DSE Training Academy through discharging its duties with utmost sincerity and highest degree of honest and sincere intention.
The writer is an executive at the Dhaka Stock Exchange Limited and founder of the Association of English Learners, DU. May be reached at [email protected]
WITH the aspiration of imparting time-bound training on securities market, country's first training academy has started its journey at the Dhaka Stock Exchange Limited which is located at 158-160 Modhumita Building (8th Floor), Motijhell C/A, Dhaka-1000 recently.
The academy is expected to play a catalytic role in spreading technical and practical education pertinent to both domestic and international securities market. While inaugurating the DSE Training Academy the Boston-educated economist and country's Finance and Planning Adviser Dr. A.B. Mirza Azizul Islam said that there was no alternative to setting such an institute for imparting securities market relevant education among the practitioners and investors.
Starting in 1954 country's capital market has crossed a long way but there has not been any formal way of catering to the need of imparting fundamental and basic training through institutional set up. Securities market and people concerned with this have felt the urgency for such a training academy. It is not that there was no training on securities, rather there was no institution dedicated to this special need. After inaugurating it, the former SEC Chairman Aziz said that he also felt the requirement of such an institute when he served the SEC but he could not get the plan implemented.
The absence of a formal and institutional arrangement of education on securities market had been always a headache for the knowledge-thirsty investors and professionals. Through the DSE Training Academy the worries have been removed and a new era has been created in the meantime, commented the DSE Chief Executive Officer Professor Salahuddin Ahmed Khan. Echoing the tone of Finance Adviser about the demand and urgency of training on securities market Salahuddin Ahmed Khan said with this mile-stone setting project the DSE will make the investors more aware so that they can judge before making any investment in capital market. Apart from experts inside the country, the DSE will arrange training programme inviting resource persons from foreign country, which will surely bring a drastic and dramatic change in the arena of securities market related education, observed the DSE Chief Executive Officer.
Financial Analysts always suggest that without prior experience and making fundamental judgment on the strength of a company no one should dare to buy shares of that group . History tells us that October 19, 1987 was a black Monday in the history of capital market as without any prior and evident reason share prices fell 23 percent at NYSE on that day. But today situation is totally different and no probability of a 1996 like share price nosediving again in the Bangladesh market..
Under the present circumstances if any investor knows some basic factors of a company including the value of net asset of that company, Earning Per Share (EPS), Total Asset, Total Liabilities, Credit Worthiness, Total Annual Turnover, Future Prospect, Holding of Annual General Meeting, Declaration of Dividend (Cash, Bonus or in Stock) then he or she can decide easily whether shares of that company is suitable to buy or not.
People not involved in the share market usually think that share market means gambling and speculation. But with the passage of time and supervision of the capital market's regulatory body, SEC and DSE's own monitoring department along with surveillance division, there is now not so much scope for gambling and speculation. And the setting up of the DSE Training Academy will surely spread awareness among the investors. The former SEC Boss Mirza Aziz heavily emphasised on including morality and ethics-based training at the DSE Training Academy . The SEC current Chairman Faruq Ahmed Siddiqi also expressed his optimism that initiation of institutional training through DSE Training Academy will definitely bring a new and completely hopeful picture for all of us. On the very first day the DSE arranged a two-day training programme for the members of the Economic Reporters' Forum and it was a successful one. Long live the DSE Training Academy through discharging its duties with utmost sincerity and highest degree of honest and sincere intention.
The writer is an executive at the Dhaka Stock Exchange Limited and founder of the Association of English Learners, DU. May be reached at [email protected]