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BICM workshop

Push to improve financial literacy of women investors

FE REPORT | June 15, 2022 00:00:00

Experts at a workshop suggested improving the financial literacy of women investors to enhance their participation in the capital market.

They said that if women investors come to the market with prior knowledge of the market and safe investment strategies, they can reduce their investment risks.

The workshop titled 'Towards Greater Participation of Women Investors in Bangladesh Capital Market' was held at the Multipurpose Hall of Bangladesh Securities and Exchange Commission (BSEC) on Tuesday.

Bangladesh Institute of Capital Market (BICM) organised the workshop attended by around 150 women investors and professionals.

"Female investors should be equipped with financial literacy before making investments in the capital market," said Shaikh Shamsuddin Ahmed, a BSEC commissioner.

He also said the securities regulator is working to enhance the level of investment safety in the capital market.

The number of women investors is still low compared to the expanding capital market, Mr. Ahmed said.

However, the number of female investors presently is increasing following the upward trend of the market with companies having good fundamentals being listed on the market, he added.

Another BSEC commissioner, Dr. Rumana Islam, also laid importance on increasing investment literacy level of female investors.

Presently, the number of active BO (beneficiary owner's) accounts is over 2.06 million.

Of the total BO accounts, around 0.51 million accounts belong to women investors as on June 14. 2022.

Khugesta Nur-E-Naharin, managing director at Modern Securities, Tania Sharmin, managing director at CAPM Advisory Ltd., Kamrun Nahar, managing director at NBL Capital and Equity Management, were present at the workshop chaired by the BICM executive president Dr. Mahmuda Akter.

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