Press Release
CSEs trading is a Geographical Neutral - Says, Mr. MKM Mohiuddin- President CSE at Sylhet seminar
Sylhet: July 29, 2006: In a bit to aware investors at Sylhet, CSE has organized a seminar today for the professionals, business men, teachers etc. to equip those interested investors with more information on the corporate sectors and investment techniques and also to create an overall investment awareness among them.
| Mr. MKM Mohiuddin President of the Chittagong Stock Exchange while addressing his remarks as the Chief Guest, said CSE is committed to spread its trading network to all over the country and abroad. CSE's trading facility is no more lies in city base rather its facility is a geographical neutral. Any investor from any corner of the world can get access into CSE trading engine. |  |
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Mr. MKM Mohiuddin is speaking in the CSE organised seminar
for the Sylhet Based Investors and professionals held at Sylhet today
the 29th July, 2006. Mr. Fakhor Uddin Ali Ahmed Vice President of CSE,
Mr. A B Siddique CEO, Mr. Yaweer Sayeed, MD and CEO of AIMS Bangladesh
Ltd., Mr. Arif Khan, General Manager of IDLC are also seen in the picture.
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He further said, Our share market is significantly progressing since few months back after overcoming from a shallow market. The responsible institutions as a watch dog SEC-DSE-CSE are working jointly to ensure good corporate governance among the listed companies and brokers, to promote new ideas for market development, to maintain transparency between brokers and investors, to frame new rules and regulations for the greater interest of investors and market participants.
While requesting investors to use CSEs Internet Trading Facility, he said, Millions of our friends who are Sylhet origin, residing at UK, USA and at different other countries can have fresh look to our ITS facility. By virtue of this facility an investor can mobilize their reserve fund and invest into our listed companies shares. This will not only meet to increase channeling foreign fund to our foreign reserve but also help to enrich countrys national income.
Mr. Fakhor Uddin Ali, Vice President of Chittagong Stock Exchange and a Sylhet based CSE Member in his speech said, Investors in Sylhet are day by day becoming very professional on stock business. It is our great opportunity to do business from this region. Despite prevailing lack of knowledge on investment decision among the investors, CSEs awareness program helps us to overcome from this situation.
Mr. Yaweer Sayeed, Managing Director and CEO, AIMS of Bangladesh Ltd. while presenting keynote paper on Prospects and Future of Investment in the Bangladesh Capital Market mentioned that our economy moving at a growth of 6.7% per annum, per capita income of US$482, annual export over $10.25 billion, import over $12.9 billion, remittances from expatriate workers over $4.8 billion and a foreign exchange reserve of over $3.4 billion Bangladesh is now in a position to hold the lead Goldman Sachs indicated last year that the country is going to be one of the top 20 economies by 2025.
He further added that Bangladesh now has a GDP size of over $62.25 billion, which is larger than that of Romania , Morocco or Ukraine . Its domestic savings to GDP ratio of 20.3% and national savings to GDP ratio of 26.6%, and an investment to GDP ratio of 24.97% where the public investment constitutes 6.30% and private investment the rest 18.67%. Though the ratios are below most developed nations, these are nonetheless quite high compared to many developing economies. And this indicates a better potential for investment scenario in the country.
He said, Bangladesh capital market is quite small compared to both other regional markets and to the size of its economy. For example, market capital of Bangladesh is only 5.08% of GDP of FY2005-06. And out of over 40,000 small and medium private companies only 255 have become listed after being public limited. Though governments time to time tried their best to attract the private companies to turn their enterprises into public limited and get listed to reap benefits and avail incentives offered time to time, on average only 10-12 public limited companies have been joining the market, and a large section of which is under regulatory compulsion.
Another key note speaker of the seminar Mr. Arif Khan, General Manager of I.D.L.C Bangladesh Ltd. presented his paper on Investment instruments, process, techniques and management of portfolios
Mr. A B Siddique, Chief Executive Officer of Chittagong Stock Exchange while made of vote of thanks said, CSE is endeavoring since its inception to bring investors confidence through organizing regular investors awareness program. Our objective is to enrich investors generation with updated information on capital market.
Mr. AKM Shahroze Alam, Deputy Manger of CSE made presentation on CSEs vision, objectives and its listed companys performance for the last several years.
Mr. Md. Siddiqur Rahman, Managing Director of SR Capital Ltd a sylhet based CSE member resided over the seminar. About 500 participants from different professions including University students, teachers attended in the seminar and raised questions on Bangladesh Capital Market.
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AKM Shahroze Alam
Deputy Manager
Corporate Development