Stock mkt operation in Rajshahi brings enthusiasm
Our Correspondent | Wednesday, 2 July 2008
RAJSHAHI, July 1: Stock market operation in Rajshahi recently gathered a momentum due to direct transaction facilities through four branches of private stock brokerage companies and one branch of state-owned Investment Corporation of Bangladesh (ICB).
The brokerage houses are operating under the membership of Dhaka Stock Exchange and Chittagong Stock Exchange as both the bourses have expanded their tradings amid a growing demand from the investors.
Retail investors have thronged the offices of the private brokerage companies--Globe Securities limited, Shyamol Equity Management Limited, NCC Bank Ltd and Salta Capital Limited as well as ICB.
The Rajshahi office of ICB said, the number of account-holders of ICB Rajshahi branch has already surpassed 10,000, while Globe Securities Limited, Salta Capital Limited, NCC Bank and Shyamol Equity Limited have some 5,500 account holders in total.
Meanwhile, hundreds of small investors of ICB, affected in the 1996 stock market crash, has demanded loan waiver so that they can resume their usual trading.
The retail investors include officials of different government services including law enforcing agencies, students, unemployed youths and small and medium businessmen.
M. Aminul Haque, honorary director of Globe Security Limited, said, since there are no industries in Rajshahi and no other reliable and secured ways to invest money in, the stock market in the divisional city is gaining popularity.
Abdul Jabbar Khan, a small investor of Rajshahi ICB, said after sustaining heavy loss during the 1996 crash, hundreds of investors discontinued their transaction through ICB accounts.
Abdul Hannan, another ICB account-holder, said that ICB offered 25 per cent to 100 per cent waiver of interest subject to the repayment of loans.
He said ICB would be benefited if it allowed investors to cover their losses by daily transaction in stock market against the deposited shares.
The brokerage houses are operating under the membership of Dhaka Stock Exchange and Chittagong Stock Exchange as both the bourses have expanded their tradings amid a growing demand from the investors.
Retail investors have thronged the offices of the private brokerage companies--Globe Securities limited, Shyamol Equity Management Limited, NCC Bank Ltd and Salta Capital Limited as well as ICB.
The Rajshahi office of ICB said, the number of account-holders of ICB Rajshahi branch has already surpassed 10,000, while Globe Securities Limited, Salta Capital Limited, NCC Bank and Shyamol Equity Limited have some 5,500 account holders in total.
Meanwhile, hundreds of small investors of ICB, affected in the 1996 stock market crash, has demanded loan waiver so that they can resume their usual trading.
The retail investors include officials of different government services including law enforcing agencies, students, unemployed youths and small and medium businessmen.
M. Aminul Haque, honorary director of Globe Security Limited, said, since there are no industries in Rajshahi and no other reliable and secured ways to invest money in, the stock market in the divisional city is gaining popularity.
Abdul Jabbar Khan, a small investor of Rajshahi ICB, said after sustaining heavy loss during the 1996 crash, hundreds of investors discontinued their transaction through ICB accounts.
Abdul Hannan, another ICB account-holder, said that ICB offered 25 per cent to 100 per cent waiver of interest subject to the repayment of loans.
He said ICB would be benefited if it allowed investors to cover their losses by daily transaction in stock market against the deposited shares.