A H KhanPublished:
2018-09-11 12:49:02 BdST
Market capitalization increased by 228 times in 25 years
Since the turn of the Bangladesh Securities and Exchange Commission (BSEC) in 1993, market capitalization has increased 228 times in the last 25 years. Where the market capitalization in 1993 was Tk 1,305 crore, it was increased to Tk 3,95,000 crore by September 9. At the time, the companies listed in the capital market rose from 139 to 307 This information was given in a press conference organized on the occasion of celebrating the 25th anniversary of the establishment of the BSESE yesterday.
Executive Director of BSEC Farhad Ahmed, Md. Anwarul Islam and Md. Saifur Rahman.
It was informed in the press conference that the Securities and Exchange Commission Ordinance on June 8, 1993, the SEC was established by passing the parliament. At the time of establishment, there were 149 total securities in the country's capital market. Of the listed companies, 139, mutual fund six and debentures were four. The total market capitalization of 8th June, 1993 was Tk.1,305 crore On 14 November 1993, formal process of SEC began.
After 25 years of establishment, the number of listed securities of the Dhaka Stock Exchange (DSE) of the country's main stock exchange on 9 September, 2012 stood at 574. Among the companies listed 307, mutual fund 37, corporate bond one, debenture eight and treasury bond 221. Today, the total market capitalization of DSE is 3 lakh 95 thousand 627 crore. After the establishment of SEC, the market capitalization has increased in the last 25 years, about 228 times.
BSEC executive director and spokesman said. Saifur Rahman told the press conference that a week-long program was organized to commemorate the commemoration of the Silver Jubilee celebrations. On 12th September, Prime Minister Sheikh Hasina will be the chief guest at the inauguration ceremony of Hall of Fame at the Bangabandhu International Conference Center in the capital. Finance Minister Abul Maal Abdul Muhit will be special guests. Besides, Speaker of the Parliament said. Shirin Sharmin Chowdhury, minister, MP, senior secretary, secretary, senior government officials, heads of different organizations, VCs of different government and private universities, leaders of professional organizations, representatives of various print and electronic media, stock exchange and CDBL Be there
The second day of the week-long ceremony was organized on September 13 at 10am at the Chittagong Club seminar. State Minister of Land Saifuzzaman Chowdhury will be the chief guest. Discussion and memorandum will be discussed at the Hotel La Meridian in the capital at 5:15 pm on September 15. The chief guest will be the chairman of the BSE. M Khairul Hossain. Honorable Minister of Public Works and Engineer Mosharraf Hossain will be the chief guest on the 16th September in the office of the Board of Revenue of BSIC. The Rajat Jayanti program will end on September 17 at the Bangabandhu International Conference Center with corporate governance-related seminar. State Minister for Finance and Planning MA Mannan will be the chief guest.
BSES executive director Farhad Ahmed said that among the financial sector regulators, BSEC is relatively young. We are not old controlling agencies like the central bank. We are continuously moving forward with the introduction of the experience in time. Terming the stock exchange's automation, demutualization, strategic investment as a signature of the capital market, he said, with the introduction of Central Counter Party (CCP) and Derivatives in front, BSCC is working to improve the bond market.
Regarding listing of good companies in the capital market, he said many entrepreneurs of the country do not want to be listed. They believe that control of the company will be overthrown when they come to the capital markets. In addition to adhering to various laws and regulations, they also disagree with them. We are trying, to bring established, good and big companies to the capital market. In the future, the country's economy is moving forward, he said the entrepreneurs will have to come to the capital market for future funding.
Unauthorized use or reproduction of The Finance Today content for commercial purposes is strictly prohibited.