Press Release
2-day CSE Capital Market Fair 2008 in Sylhet kicks off today
SEC Chairman says this is a remarkable event, first of its kind in Sylhet
Sylhet, March 28, 2008: A two-day exhibition styled ‘CSE
Capital Market Fair 2008’ begins at a local community center Hafiz Complex,
Dhopadighirpar in Sylhet today aiming to promote Bangladesh Stock Market among
the different professionals and General Investors of the Sylhet region. Chittagong
Stock Exchange in collaboration with its Sylhet based Members are organizing
the fair, first of its kind in Sylhet.
Mr. Faruq Ahmad Siddiqi, chairman of Securities and Exchange Commission, formally
inaugurated the event as chief guest. In his address Mr. Siddiqi said, “SEC
is monitoring overall activities of both the bourses including listed companies,
punitive actions has taken when required for the safety of the market.” “Chittagong
Stock Exchange has taken a pragmatic initiative for the general investors
based in Sylhet through organizing the fair which will create an opportunity
to learn about our Stock Market. Our Stock Market is now spreading in different
cities of the Country. Till few years back, investors in remote areas could
not even think to invest in our Stock Market, but online share trading through
both the bourses paved the way to the investors to invest in this investment
segment. ” He further said the stock market indices touched four months high
last week buoyed by positive sentiments following dividend declaration by
the most of the financial institutions and heavyweight companies. Although
volatility has increased, overall market trend is healthy. “My request to
the general investors is that do not depend on others suggestion especially
during the time of placing orders, rather invest on your own decision after
analyzing all the facts and figures of a company. Sometimes it is seen that
price movement of some scrips behave irrationally due to overheat by a buoyant
pressure. The investors should be cautious all the time particularly while
investing in share market,” the SEC chief added.
Mr. Md. Abdullah Bokhari, President of Dhaka Stock Exchange in his speech as special guest, said, “ The entrepreneurs in Sylhet will be encouraged to raise fund from Capital Market through IPO process as the total concept of the methodology is getting clear through organizing different kinds of awareness program in Sylhet. This is appreciable that we are here to assist them, in future more cities in the country will get same opportunity.”
Mr. Nasiruddin Ahmed Chowdhury, president of CSE, addressing the function said, “This is an opportunity for you all to convey the message of Capital Market Fair to your friends and investors. This Capital Market Fair will enable a person to make contact face to face with the Brokers and CSE. Many of our investors are still shy of the market. It is our duty to make them understand that the market has become stable and there are lots of opportunities to make money from this market. This fair is going to be the rendezvous of investors, where investors will be able to get their questions answered.”
Mr. Fahoruddin Ali Ahmed, vice-president of CSE, in his welcome speech said,
“Our brokers have lots of duty who have branch offices in different places
of the country. Let introduce this example and organize many events like Capital
Market Fair in Dhaka and Sylhet and if possible in Khulna, Rajshahi, Barishal
and Cox’s Bazar or in any other cities.” He also said that participants might
be felt reluctant to attend in the fair, but after some days it will be a
really effective event for the Capital Market. While sharing his experience
of this fair, he said Stock Exchange of Thailand is spending millions of dollars
for marketing and CAPITAL MARKET FAIR is one of the very effective marketing
tools. He emphasized that the subject of Capital Market should be included
in the secondary school curriculum and onward. The subject is very important
and it will make aware the future generation about the capital market.
Mr. Siddiqur Rahman, Director of CSE in his speech said, “The people in Sylhet
are now much equipped to lead the nation as entrepreneur, CSE has given that
platform by which employment generation in Sylhet is moving fast than it was
not in the past.”
Mr. Al Maruf Khan, FCA, vice-president of CSE, in his vote of thanks said, “We always focus on infrastructural development of the CSE. This Capital Market fair gives an opportunity to know some about capital market and its stake holders like broker, dealer, SEC etc. It Media’s role in developing a strong capital market is very crucial. Whatever we do for the betterment of the market, unless it is widely and positively broadcast, it has no value. I am very grateful to the media, as it is playing its due role so far, and I hope, it will continue to do so for the betterment of the capital market.”
A total of 23 (twenty three) financial institutions are participating in the
fair. They are: AB Bank Ltd-Investment Banking Division, Lankabangla Securities
Ltd., Investment Corporation of Bangladesh, Islami Bank Bangladesh Ltd., IDLC
Finance Ltd., Commercial Bank of Ceylon, Prime Bank Ltd, Green Delta Financial
Services Ltd., BRAC Bank Ltd., National Credit & Commerce Bank Ltd., Eastern
Bank Ltd., Union Capital Ltd., Sylhet Metro City Securities Ltd., Sylhet Securities
Ltd., Hillcity Securities Ltd., S.R. Capital Ltd., ZATL Securities Ltd., Holy
City Securities Ltd., International Securities Co. Ltd, Jalalabad Securities
Ltd., Firstlead Securities Ltd. Salta Capital Ltd. and Chittagong Stock Exchange
Ltd.
AB Bank Ltd., Prime Bank Ltd., Commercial Bank of Cylon, Islami Bank Ltd., People’s Leasing & Financial Services Ltd., People's Investment Limited, Grameen Phone Ltd., are the sponsor partner of the CSE Capital Market Fair.
Among the CSE Directors immediate past President Mr. MKM Mohiuddin, Mr. Bijan Chakroborty, Mr. Mohammad Fakhruddin, Dr. A Majeed Khan, Prof. Abu Ahmed and Mr. Sarwar-E-Alam were present in the inaugural ceremony.
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AKM Shahroze Alam
Deputy Manager, Corporate Development
Chittagong Stock Exchange