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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Active bond market to attract genuine investors

Speakers at a seminar on capital market


| Updated: December 11, 2017 13:09:12


Photo collected from internet has been used for representational purposes only. Photo collected from internet has been used for representational purposes only.

The country's FDI flow not will be up to the mark if more companies having good fundamentals are not listed with the stock exchanges.

Arif Khan, managing director of IDLC Finance, said this on Saturday at a seminar held at the capital market expo 2017.

The online news portal arthosuchak.com has organised the expo in the capital Dhaka.

Khan said around $20 billion is required in a year for the country's infrastructure development to continue the ongoing development trend.

"The development of the capital market is urgent for the sake of infrastructure development," said Mr. Khan, also a former commissioner of the Bangladesh Securities and Exchange Commission (BSEC).

Young professionals having sound track record in this field should be encouraged to build career in this sector, Khan said.

"There is no alternative of education to build successful career in the capital market," Khan added.

Md. Saifur Rahman, a BSEC executive director, said the new generation's attraction to the capital market indicates a good sign.

He said the securities regulator formulated a master plan in 2014 for the development of the capital market.

"Despite having some gaps, many initiatives have already been implemented. Specially, the bond market lags behind the equity market," Rahman said.

Dr. Mohammad Musa, a professor at United University, said there should be strong base of the bond market to bring back the vibrancy and stability in the capital market.

Wafi SM Khan, chief executive officer of Green Delta Securities, presented the keynote speech in the seminar.

In his speech, Wafi put light on specific education required to build up career in the capital market. He also highlighted the opportunities available in the capital market.

Md. Saifuddin, managing director of IDLC Securities, M. A. Faisal Mahmud, assistant vice president of LankaBangla Asset Management, and Rashed Hasan, senior vice president of LR Global Bangladesh, also spoke in the seminar as panel discussants.

mufazzal.fe@gmail.com

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