Wednesday, 7 December, 2022

Stock investors urged to learn AI to gain in market

  • Staff Correspondent
  • 7 October, 2022 12:00 AM
  • Print news
Stock investors urged to learn AI to gain in market
Posts and Telecommunications Minister Mustafa Jabber speaks at a seminar on ‘Role of Technology and ESG Analytics in Sustainable Financing’ at Agargaon in the capital on Thursday.

Posts and Telecommunications Minister Mustafa Jabbar emphasised the need to increase investors’ knowledge about artificial intelligence to do well in the capital market in the coming days.

“In the future, the capital market will mostly be driven by artificial intelligence tools. To gain and secure funds in future, the investors will have to learn AI to make perfect decisions,” he said while addressing a seminar at the World Investors Week programme on Thursday.

Bangladesh Securities Exchange Commission (BSEC) organised the seminar styled as “Role of Technology and ESG Analytics in Sustainable Financing” at its head office in Agargaon in Dhaka as part of seven-day campaign to promote investments in the capital markets.

Environmental, Social, and Governance (ESG) investing refers to a set of standards for a company’s behavior used by socially conscious investors to screen potential investments.

The telecommunication minister said the investors should cope with the pace of technology as the market will have QPO data and artificial intelligence-based analysis will suggest a curb of shares.

QPO means a sale of shares of common stock to the public pursuant to a registration statement under the Act that has been declared effective by the Securities and Exchange Commission

“If you (investors) want to know the name of the big resource from me, I will say that it is data. If you don't have the data, your progress is zero. Now invest after seeing the graph rise and fall. In the future, it will only depend on the data where your investment will go,” said the minister.

BSEC Commissioners Shaikh Shamsuddin Ahmed, Mizanur Rahman and Rumana Islam were also present at the seminar.

Currently, some 625 companies are listed on Dhaka Stock Exchange and 315 on Chittagong Stock Exchange.