Prospects of capital market in Bangladesh

Prospects of capital market in Bangladesh

1. Within few months large profitable government enterprises are going to be listed under directs listing method adding value worth another billion dollars.
2. The telecom giants in Bangladesh are finalizing their offers for IPO in the market.
3. Power and energy sectors demand for capital is 5 to 10 billion dollar within short time to meet the immediate needs of 5000MW power demand.
4. A deep sea port requiring 1 billion dollar is going to start with a policy decision that it will also be listed.
5. The pharmaceutical sector and API enjoying WTO benefits is growing sharply.
6. Textile sector as backward linkage to thriving export oriented garments industries is booming.
7. Export oriented food processing industry needs huge capital and technical capacity to meet the growing standards in global market for marine food, fruits and poultry.
8. It sector with our talented developers, yet to demonstrate the massive potentials of software industry of the country.

9 Signing contract with Dubai-based Info-Tech Company for integrated software Book Building System has been introduced in Bangladesh Capital Market. Book Building System, modern and scientific system of price discovery, will be able to attract the entrepreneurs to get their profitable business ventures listed with the country’s growing securities market.

10. MSA Plus is being up-graded time to time in collaboration with India-based Cambridge Solutions to start internet-based transaction soon. After the completion of up-gradation of this work and commencement of internet-based trading, transaction facilities of securities would reach the doorsteps of investors across the world.

11. DSE is upgrading its automated trading system time to time to meet up the demand of the capital market. As number of transactions increases, DSE took initiatives to tune up its trading Server in December 2009. Present Trading Server has capacity to handle around 6,00,000 trades/day and to support trader IDs up to 5,000. At present Trading activities are being operated by around 3200workstations from more than 1100 locations in 30 districts.

12. In November 2009, DSE Implemented Web-based Market Data Server (MDS) for providing necessary Market Data to different electronic and print media, Cell Phone Companies, Research Institutes, Brokerage houses etc. DSE signed an agreement with a number of TV channels to provide real time trade data for broadcasting continuously during trading hours. Besides, online Trade Data is also available.

13. Plans are already underway to spread trading activities across the country and to the doorsteps of investors across the world but demand and supply mismatches been halting the process.

14. With the core intention of executing the entire professional works and to build its existing manpower into truly efficient and highly qualified human resources DSE has been continuing its tireless efforts to send its staffs to different organizations and abroad for training.

15. For smooth and time-bound supervision of all the professional jobs Chief Operating Officer and GM (Finance and Accounts) have been recruited. Recruitment at different levels has been being continued in tune with the growing volume of activities to accomplish all the activities.

16.To continue the present trend of securities market growth DSE Board of Directors has been maintaining strong communication with the relevant authorities including Finance Minister, SEC, Bangladesh Bank, National Board of Revenue, Bangladesh Institute of Capital Market and other relevant institutions, organizations, personalities and concerned authorities.

17. A Complaint Cell/Box has been set to listen to investors, relevant stakeholders including listed companies and others and necessary steps are taken to come out  the crisis time to time.

18.  For transparent and smooth settlement of securities and to also reduce time DSEhas been trying to establish an Independent Settlement and Clearing Company.

19. Meetings of different committees are going on regularly and time to time suggestions and instructions of those committees are carried out to enhance the departmental activities.

20. All the divisions and departments have become prompt in carrying out day today activities and also assigned responsibilities in a far better and quicker way than those of past events.

21. DSE Board of Directors visited USA and show-cased Bangladesh capital market to Non-Resident Bangladeshis to draw their investments in the market.

22. DSE has been arranging investors’ awareness program in different cities to make the investors aware of the real market situation. It has also been cooperating with Bangladesh Institute of Capital Market authority so that through this newly established institute, time-bound education and practical training on securities market related issues may be conducted.

23. Plans are also underway to arrange road-shows and investors’ awareness pro-gram abroad to spread securities market related issues among the NRBs.

24. Members of Board of Directors, members of different committees and officers of DSE have been continuously visiting different related organizations and stock exchanges and trying to utilize the experience for the better development of DSE.

25. DSE has been requesting the relevant and concerned authorities of Government and other organizations to simplify the investment procedure of NRBs.