Bangladesh Securities and Exchange Commission Forms Committee to Boost Stock Market Quality
The Bangladesh Securities and Exchange Commission (BSEC) has announced the establishment of a committee dedicated to enhancing the presence of high-quality companies in the stock market. Commissioner Prof Shaikh Shamsuddin Ahmed made the announcement during a meeting with top officials of the DSE Brokers Association of Bangladesh on Wednesday.
Discussions at the meeting revolved around the current state of the capital market, ongoing challenges, and necessary actions to address them. President Saiful Islam, Senior Vice President Saifuddin, and Director Suman Das represented the brokers’ association.
Commissioner Shaikh Shamsuddin emphasized the commission’s commitment to collaborating with all stakeholders, including market intermediaries, to improve the capital market’s welfare. “We are prioritizing the listing of new high-quality companies to inject greater dynamism into the country’s capital market,” he stated.
To overcome obstacles hindering market development, the commission plans to closely cooperate with institutions such as the Bangladesh Bank and the National Board of Revenue.
Following extensive discussions on the market’s current status, representatives from the commission and the brokers’ association agreed to work closely together to address existing weaknesses. Their joint objective is to expedite measures for the long-term stimulation and growth of the capital market.
The commission reassured general investors, urging them not to panic, and affirmed its commitment to maintaining market stability by implementing necessary measures.
