The Bangladesh Securities and Exchange Commission held a meeting with three business groups, namely Meghna Group, City Group, and PHP Group, as part of the regulator鈥檚 initiative to motivate reputable companies to enlist on the capital market.
The BSEC issued a press release in this regard on Tuesday, saying that representatives of the business groups and BSEC officials had discussions about enlisting reputable companies with solid fundamentals under these three business groups on the country鈥檚 stock market.
BSEC chairman Khondoker Rashed Maqsood, commissioners Mohsin Chowdhury, Md Ali Akbar and Farzana Lalarukh and executive director Rezaul Karim were present in the meeting. Meghna Group of Industries chairman and managing director Mostafa Kamal, City Group managing director Md Hasan, and PHP Group director Mohammad Akter Parvez also attended the meeting.
The commission mentioned that it was working on several issues, including long-term financing through the capital market, valuation of companies during listing and simplification and speedy execution of IPO approval and listing process.
The BSEC emphasised that the listing of reputable companies with solid fundamentals was crucial for the development of the country鈥檚 capital market.
BSEC chairman Khondoker Rashed Maqsood said, 鈥楳eghna Group, City Group, and PHP Group are well-known business groups with reputable companies established in various sectors, which is a clear reflection of their business scope and diversification.鈥�
He added that the listing of companies from various sectors in the country鈥檚 capital market will not only strengthen the market but will also help accelerate the industrialization and development of Bangladesh by enhancing these sectors further.
The press release added that BSEC would meet with聽 other business groups across the country in the future, aiming to encourage more reputable companies to enlist on the capital market.
As a result of these efforts, BSEC expected that companies with solid fundamentals would eventually join the capital market, injecting new life into the market.
By ensuring reforms, development and good governance, the BSEC stated, investors will soon benefit from a transparent, dynamic and modern capital market, offering better opportunities for growth and stability.
DSEX, the key index of the Dhaka Stock Exchange, decreased by 11.83 points on Tuesday after losing 43.72 points in the previous session.
