Where the stock market should go, it will be taken: BSEC chairman

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He said the country's stock market has come a long way in recent times. However, this market is still dependent on equity.

xpressed his firm belief that the country’s stock market will be taken where it should go.

He said the country’s stock market has come a long way in recent times. However, this market is still dependent on equity. This market lacks various products including derivatives. These products need to be introduced in order to harness the potential of the stock market in economic development.

The BSEC chairman was speaking as the chief guest at the 6th CFA Chartered Awards Ceremony organized by CFA Society Bangladesh at a hotel in the capital on Friday (October 22nd).

Shaheen Iqbal, President of CFA Society Bangladesh and Shahidul Islam, Former President spoke on the occasion. Former President of the Society Md. Arif Khan, Minhaj Zia, Md. Moniruzzaman and members of the Society were present on the occasion.

The BSEC chairman said the current commission is working on launching new products including commodity markets and derivatives in the afternoon of the stock market. Preliminary discussions have already been held with the Chittagong Stock Exchange on the launch of the commodity market. But the problem is that there is no skilled and experienced manpower to launch this market in the country.

He said BSEC has already approved 70 new treks. The new merchant is licensing various intermediaries, including banks and asset management companies. These organizations need skilled manpower. In the next one year alone, the stock market needs 3,200 qualified manpower. But this manpower is not present.

The BSEC chairman said there is a dearth of skilled and qualified manpower in the country’s stock market and CFA chartered holders have immense potential. They can play an important role in the development of the capital market and trade as well as in the overall economic development as officials of brokerage houses, merchant banks, asset management companies and financial analysts.

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