Concerted efforts a must to develop capital market

The securities regulator and other stakeholders have laid importance on sustainable development of the capital market to ensure its contribution to national economy.

Their opinion came at a webinar arranged by Dhaka Stock Exchange (DSE) on Saturday to observe 45th Martyrdom Anniversary of the Father of the Nation, Bangabandhu Sheikh Mujibur Rahman, and his family members.

At the webinar, the speakers said the dreams of the father of the nation will be fulfilled if desired development can be ensured in economy and capital market containing corruptions.

As the chief guest, the chairman of the Bangladesh Securities and Exchange Commission (BSEC) Prof. Shibli Rubayat Ul Islam said the securities regulator will play its due role to ensure sustainable development of the country's capital market.

"Our nation has proved that it can move forward overcoming obstacles. The commission is working for a strong base of the capital market so that it can ensure its due contribution in Gross Domestic Product (GDP)," the BSEC chairman Prof. Islam told the webinar.

The commissioners of the securities regulator and top brasses of both the stock exchanges and Central Depository Bangladesh Limited (CDBL) attended the commemoration meeting.

The BSEC chairman also hoped that the new challenges thrown by COVID-19 will be mitigated soon for the sake of capital market and investors.

"The capital market is performing well following increased participation. We should ensure our appropriate contribution to capital market to fulfill the dreams of Bangabandhu Sheikh Mujibur Rahman," said the chairman of the securities regulator.

Kazi Firoz Rashid, MP, also a DSE TREC holder, said all indicators of the country's economy are showing noteworthy progress.

"The country's capital market should also keep pace with the development trend observed in national economy," Mr. Rashid said while sharing his memories with Bangabandhu Sheikh Mujibur Rahman.

In their speeches, the BSEC commissioners Dr. Shaikh Shamsuddin Ahmed and Dr. Mizanur Rahman also laid importance on the development of economy and the capital market as well as part of fulfilling the dreams of father of nation.

DSE director Md. Rakibur Rahman said "Good governance must be ensured as part of fulfilling the dreams of Bangabandhu Sheikh Mujibur Rahman," Mr. Rahman said.

Asif Ibrahim, chairman of the Chittagong Stock Exchange (CSE) said corruptions must be contained to implement the development mission to observe the country in line with the dreams of Bangabandhu Sheikh Mujibur Rahman.

The CDBL chairman Sheikh Kabir Hossain, CDBL vice chairman AKM Nurul Fazal Bulbul, and former DSE director Monoara Hakim Ali, among others, also spoke at the webinar to pay homage to the father of nation and his family members.

DSE chairman Md. Eunusur Rahman chaired and moderated the webinar attended by the president of DSE Brokers Association (DBA) Sharif Anwar Hossain, former DSE president Md. Shakil Rizvi, DSE managing director Kazi Hanaul Hoq, CSE managing director Mamum Ur Rashid and other top officials of the market intermediaries.

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