Ex-chairman of DSE expires

Khurshid Alam, a former chairman of Dhaka Stock Exchange (DSE) passed away Tuesday at the age of 84. He breathed his last at 5.00 am at the city's United Hospital. He had been suffering from old-age complications for long. He left behind two sons and a daughter.
Late Khurshid Alam had a vast professional career in the fields including the banks, corporate entities and international organisations.
He also worked as director of the Investment Corporation of Bangladesh, Singer (BD) Bangladesh, Rupali Bank, AB Bank, Bangladesh Aroma Tea Company, FBCCI and Bangladesh Chamber of Industries (BCI).
Due to his outstanding role in country's capital market, Mr. Khurshid won Atish Dipankar award.
He was also the president of Bangladesh Center for Economic Growth, member of Planning Commission, industry affairs panel advisor to World Bank and capital market-related consultant of the Asian Development Bank.
The former DSE President Rakibur Rahman said late Khurshild Alam emerged as the propeller of the country's capital market during its hard time.
"The existence of the capital market was at stake after the liberation war of 1971. Khurshid Alam worked hard to restore the operation of the market," Mr. Rahman told the FE.
He said Khurshid Alam restored the activities of the stock exchange in the present DSE building through a negotiation done with then government. "Otherwise the DSE building could be shifted to another authority."
The premier bourse started Tuesday's trading session after five minutes of the regular schedule to pay tribute to the departed soul of Mr. Alam.
The DSE chairman Justice Siddiqur Rahman Miah and managing director Dr. Swapan Kumar expressed deep shocks on behave of the board of directors and the management respectively over the death of the former DSE chairman.