Press Release

CSE President urged for door stop service by the Members to meet the astronomic rise of Trade Volume
Says at CSE seminar organized at Khulna

Khulna, 16th February, 2008: Chittagong Stock Exchange and one of its leading Member Associated Capital Securities Ltd. have jointly organized a seminar on “Bangladesh Capital Market-Investment Tools and Techniques” for the general investors and businessmen located at Khulna City. The seminar has aimed to promote business of Associated Capital Securities Ltd. since they have opened a Branch office at Khulna City.

Mr. Nasiruddin Ahmed Chowdhury, President of CSE was the Chief Guest while Mr. Shaharuzzaman Mortaza, President of Khulna Chamber of Commerce & Industry and Mr. Kazi Balayet Hossain President of Bangladesh Frozen Foods Exporter Association were present as Special Guest on the occasion.

Mr. A B Siddique, Chief Executive Officer of CSE has addressed of welcome speech while Mr. Amin Ullah Chairman of the Associated Capital Securities Ltd. presided over the seminar. Mr. Arif Khan, General Manger of IDLC Finance Ltd. has presented a keynote paper on the topic at the seminar.

CSE President Mr. Nasiruddin Ahmed Chowdhury in his speech said, “Rapid trading volume in the bourses needs door stop service by the Members so that investors at every corner get opportunity to do share trading. He said, “Bangladesh Stock Market eyes a good prospective in the days to come. If investors’ pragmatic skill on investment decision is being utilized, definitely a hefty return must be achieved by the investors. Only investors need to learn the pros and cons of investment tools and techniques. He said, “Entry of new issues including state-owned companies' shares and overall price hike in shares led the market capitalization to rise and the increase indicates that our capital market is promising. The market capitalization growth should be sustained with floatation of fresh securities especially from the telecommunications, power, gas, energy and infrastructure sectors.”

Mr. Arif Khan, General Manager of IDLC Finance Ltd. while presenting his key note paper said “Investors should not depend on others suggestion especially at the time of placing order, rather invest on their own decision after analyzing all the factors of the respective company. Sometimes it has been witnessed in the market movement that some scrips behaved irrational due to overheat by the buoyant pressure which proved sometimes illogical. Investors should be cautioned all the time particularly investing in share market.”

Mr. AB Siddique, Chief Executive Officer of CSE while addressing his welcome speech, said “The market regulators are now more efficient than in the past. Investors are now much protected by the Rules and Regulations enacted time to time by the SEC, DSE and CSE. We are much confident that market satiation will never be liked 1996 debacle.”

Mr. Amin Ullah, Chairman of Associated Capital Securities Ltd. said “Investors at Khulna City will get excellent service by his brokerage house in the area of transparency, speedy client service, report generation from CDBL etc. etc.

Mr. Shaharuzzaman Mortuza President of Khulna Chamber of Commerce & Industry and Mr. Kazi Balayet Hossain President of Bangladesh Frozen Foods Exporter Association has expressed gratitude to CSE and Associated Capital Securities Ltd. for organizing the seminar and rendered a opportunity to the local investors for doing stock business.

CSE Director Mr. Mohammad Fakhruddin was also present at the seminar.

AKM Shahroze Alam
Deputy Manager
Corporate Development