General

Mashiur for cutting bank loan dependency in stock market

DHAKA, Prime Minister's Economic Affairs Adviser Dr Mashiur Rahman today put emphasis on reducing bank loan dependency for further investment in stock market.

Bank has an issue of deposit collection. That is why a strong stock market is required to implement the investment potentiality and in this case it should not be bank dependant, he said while inaugurating a threeday Arthosuchak Capital Market Expo2019 in city's Shilpakala Academy, said a press release.

Adequate investment has to be made in the right place to uphold the speed and growth of our economy, he said adding that scope is limited for the single investors to make investment in the share market.

He also stressed the need for increasing investment in private sector.

Speaking on the occasion, Bangladesh Securities and Exchange Commission (BSEC) Chairman Dr M Khairul Hossain said various types of reform activities had been carried out in last eight years and no instability was experienced during the period. It (stock market) witnessed normal ups and downs as the market is more stable than before.

He said the BSEC is working to increase the depth of the share market.

DBA President Shakil Rizvi, BMBA President Nasir Uddin Chowdhury and VCPEAB President Shameem Ahsan also spoke with Arthosuchak editor Ziaur Rahman in the chair.

BSEC, Dhaka and Chattogram Stock Exchanges, brokerhouses, merchant banks, assessment firms, listed companies and stakeholders are participating in the exposition. In addition, several seminars on issues concerned would also be organized.

Source: Bangladesh Sangbad Sangstha (BSS)