Thursday, December 25, 2008

Awareeness in Bogra


Dhaka Stock Exchange (DSE) arranged two separate programmes on investors’ awareness at Rajshahi on June 9, 2007 and at Parjatan Motel in Bogra on June 10, 2007. With DSE President Mr Md. Abdullah Bokhari in the chair, the programmes were attended by SEC Member Mr. Mansur Alam, DSE Senior Vice President Mr. Ahmad Rashid Lali, Vice President Mr. Sharif Ataur Rahman, Directors Mr. Md. Rakibur Rahman, Mr. Kazi Firoz Rashid, Mr Abdul Haque, Mr. Khwaja Ghulam Rasul, Mr. M.A. Quayum, Mr. Md. Azizul Hoque and Mr. Shahed Abdul Khaleque, ICB Managing Director Mr. Ziaul Haque Khandker and SEC Executive Director Mr. Anwarul Kabir Bhuiyan and President of Bogra Chamber of Commerce and Industry Mr. Fazlur Rahman Paikar. High officials of DSE and SEC, chamber leaders of Rajshahi and Bogra, local bank officials and a large number of investors attended.DSE President Mr Md. Abdullah Bokhari in his speech said DSE has paved the way for establishing a secondary market at the divisional level of the country through a modern automated trading system to reach the investment facility at the remote areas. DSE Brokers are taking part in the trading through different branch offices through upgradation of DSE’s automated online system. A new chapter in the DSE history was opened through the inter-district trading.DSE President Mr Md. Abdullah Bokhari addressing a programme on Investors’ Awareness at Nanking Darber Hall in Rajshahi on June 9, 2007. DSE Senior Vice President Mr. Ahmad Rashid Lali, Vice President Mr. Sharif Ataur Rahman, SEC Member Mr. Mansur Alam and DSE Chief Executive Officer Mr Salahuddin Ahmed Khan are also seen.“A thorough knowledge on the stock market can ensure participation of more and more investors in the securities market and there is no alternative of a vibrant capital market to develop the country’s economy through the spontaneous participation of investors.” DSE President Mr Bokhari said. DSE Senior Vice President Mr. Ahmad Rashid Lali said it is possible to establish big industrial units though small capital owned by small investors of the securities market. Besides capital gain is also possible when the stock prices rise. Share business is a legal business as per Islamic law. World renowned Islamic scholars in an international conference in Cairo in 1986 recognised the share trading as a legal one. He said the DSE has taken all-out preparation to handle daily turnover worth Tk 5.0 billion within next two-three years as strong companies under telecommunications and power and energy will go public by this time.DSE Chief Executive Officer Mr. Salahuddin Ahmed Khan said the DSE trading has been expanded through the upgraded automated system. He asked the investors to invest considering the financial strength of the companies concerned. He presented an overview on different aspects of investment operations in primary market and secondary market, central depository system and clearing and settlement systems of stock trading. SEC Member Mr. Mansur Alam thanked the DSE for its efforts to develop the country’s securities market. He said the securities market is no more Dhaka-based, rather it has expanded across the country. He hoped that DSE will reach at the doorsteps of every investor in near future. As the regulatory body, he said, SEC will assist the DSE in developing various areas of the securities market.DSE President Mr Md. Abdullah Bokhari, DSE Senior Vice President Mr. Ahmad Rashid Lali, Vice President Mr. Sharif Ataur Rahman, SEC Member Mr. Mansur Alam, Managing Director of ICB Mr Ziaul Huq Khondker and DSE Chief Executive Officer Mr Salahuddin Ahmed Khan in the Investors’ Awareness programme in Bogra on June 10, 2007.ICB Managing Director Mr. Ziaul Haque Khandker in his speech thanked the DSE for arranging the event in the district of Bogra known as hub of business and trade in northern Bangladesh. He declared that ICB will open a branch office within a short period in Bogra to facilitate the stock business in the district. President of Bogra Chamber of Commerce and Industry Mr. Fazlur Rahman Paikar thanked the DSE for arranging the programme and assured to help in arranging such event in future also. The DSE CEO replied to the queries of investors in the programmes.Investors and guests at the programme on Investors’ Investors and guests at the programme on Investors’ Awareness in Rajshahi on June 9, 2007. Awareness in Bogra on June 10, 2007.DSE has already provided necessary logistic support to the investors to trade from the divisional cities. The bourse has expanded its trading network inside Dhaka, Chittagong, Sylhet and other cities through IT vendor companies. The vendor companies are using optical fiber, radio-link and asymmetric digital subscription link (ADSL) in addition to optical fiber to do their networking business. DSE began online stock business in Chittagong through LankaBangla Securities, a member of both DSE and Chittagong Stock Exchange from August of 2005. The DSE move on business expansion was taken in view of an upgraded trading system launched from August 21 of 2005 to cater to the growing demands of securities market including enhanced trading capacity of 50,000 howlas per day, which is scaleable upto 100,000.Previously the daily trading capacity was 15000 only. Hewlett & Packard (HP) of USA, Scandent Solutions of Chennai (India) and Syscom Information Systems Ltd of Bangladesh completed the upgradation project at a cost of Tk 60-million which doubled the previous 16-bit Tandem Electronic Security Architecture (TESA) application to 32-bit architecture.





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