Tofail for listing multinational, local big companies | 2017-12-07 |

Tofail for listing multinational, local big companies

BSS     7th December, 2017 10:19:29 printer

Tofail for listing multinational, local big companies

Multinational companies along with the local big ones should be listed with the stock exchange and the finance ministry needs to play its role in this regard, said Commerce Minister Tofail Ahmed. 

"The stock market will become more stable if the multinational and local big companies are listed with the stock market. The finance minister needs to work on it," he told the inaugural ceremony of Bangladesh Capital Market Expo-2017 at Chitashala Plaza of Bangladesh Shilpalkala Academy Thursday. 

Arthosuchak, an online business news portal, has organized the 3-day expo mainly for creating awareness among the prospective investors and branding the country's capital market. 

A total of 40 organizations, including Bangladesh Security Exchange Commission (BSEC), Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE), are expected to take part in the exhibition. 

The expo will remain open for visitors from 10am to 8pm every day.

Arthosuchak editor Ziaur Rahman presided over the ceremony while chairman of the parliamentary standing committee on the Ministry of Finance Dr Abdur Razzak, BSEC chairman Dr M Khairul Hossain, BSEC commissioner Dr Swapan Kumar Bala, DSE Brokerage Association president Mostaque Ahmed Sadek and Bangladesh Merchant Bankers Association president Saidur Rahman, among others, spoke. 

Tofail Ahmed said capital market is important for the country's burgeoning economy. The market faced an unstable situation in 2010 but it is now a stable one due to right leadership, he added. 

He said general people including teachers and service-holders want to invest in the capital market. So stability in the market is important for them, he said. 

Dr Abdur Razzak said capital market is yet to create confidence among the people as there is still misunderstanding about it among the people. But if people acquire knowledge about the market and invest their money judiciously, they will be able to make profits, he added.