Capital market will be dynamic with the participation of all

Dhaka, Thursday   02 April 2020

Akash

Capital market will be dynamic with the participation of all

 International Desk daily-bangladesh.com

 Published: 05:39 PM, 15 February 2020  

Photo: DailyBangladesh

Photo: DailyBangladesh

The leaders of the Bangladesh Merchant Bankers Association (BMBA) have hoped that the capital market will be dynamic with the participation of all stakeholders. They also thanked the government for giving the banks a chance to create special funds of Tk 200 crore for investing in the capital market.

President of BMBA Saidur Rahman said at a press conference held at Hotel 71 in Bijayanagar on Saturday that capital markets played a significant role in measuring the level of development of the country.

Stating that the capital markets have not yet reached the hope, he said that development is an ongoing process. Over time, laws, structures and procedures have to be developed to keep pace with the world in all matters. He hoped the capital market would be dynamic with all the stakeholders.

At the time, he added, currently, a new IPO has to fulfill 400 conditions and disclose same information to be listed on the capital market. However, if there is any doubt about the IPO, BMBA will recommend the Commission to impose conditions for releasing more information than necessary.

DailyBangladesh/PR