More SoE shares will be off-loaded in capital market
Friday, 8 June 2007
Finance and Planning Adviser Mirza Azizul Islam Thursday said more shares of a number of state-owned enterprises (SoEs) will be off-loaded in the capital market.
"The capital market will become deeper following the listing of SoEs under power, telecommunication and energy sectors," he said in the budget speech.
The finance adviser said following the listing of SoEs (DESCO and Power Grid) on the stock exchanges, supply of securities in the capital market has increased and opportunity for investment in the capital market has become wider.
He said the capital market in Bangladesh is gradually being widened and deepened.
The remarkable increase of market capitalisation as well as daily turnover is attracting foreign and local investors, he said.
The total market capitalisation of Dhaka Stock Exchange (DSE) has already crossed $ 6.0 billion-dollar mark and the daily turnover crossed Tk 2.0 billion-mark on June 3.
The budget has also proposed to extend tax rebate facility to the non-resident Bangladeshi investors.
"As an alternative source of financing investment, I propose to exempt earning generated from Zero-coupon Bond from income tax," Mirza Aziz said.
"The capital market will become deeper following the listing of SoEs under power, telecommunication and energy sectors," he said in the budget speech.
The finance adviser said following the listing of SoEs (DESCO and Power Grid) on the stock exchanges, supply of securities in the capital market has increased and opportunity for investment in the capital market has become wider.
He said the capital market in Bangladesh is gradually being widened and deepened.
The remarkable increase of market capitalisation as well as daily turnover is attracting foreign and local investors, he said.
The total market capitalisation of Dhaka Stock Exchange (DSE) has already crossed $ 6.0 billion-dollar mark and the daily turnover crossed Tk 2.0 billion-mark on June 3.
The budget has also proposed to extend tax rebate facility to the non-resident Bangladeshi investors.
"As an alternative source of financing investment, I propose to exempt earning generated from Zero-coupon Bond from income tax," Mirza Aziz said.