Dhaka Stock Exchange director Minhaz Mannan Emon on Tuesday said that initiatives had been taken to prevent low quality initial public offerings from entering the country鈥檚 capital market, according to a DSE press release.
Minhaz said that many low quality IPOs damaged the capital market in the past 15 years.
He made the remarks at a workshop organised by the DSE Training Academy for teachers and students of the Army Institute of Business Administration at Savar, on the outskirts of Dhaka.
The DSE Training Academy organised the workshop as part of its capital market-focused academic education awareness series for teachers and students of public and private universities.
Minhaz said that initiatives had been taken to prevent money laundering abroad, which would play an important role in the economic development of the country.
鈥楩inancial literacy is very important before investing in the capital market. An investor should consider company performance, look at the profile of entrepreneurs and directors before investing,鈥� he further said.
DSE independent director Mohammad Kamruzzaman, also the director general of the Army Institute of Business Administration, said that if more good-quality companies entered the capital market, the market would grow.
鈥榃e hope that companies with good fundamentals will be listed in the future. The capital market is in a bad state due to the listing of several bad companies in the past,鈥� he added.
Acting DSE managing director Sattique Ahmed Shah said, 鈥楾his programme is a good opportunity to increase knowledge about the capital market.聽 It will help the participants in investing in the stocks.鈥�
