Wise up to online share trade
Afiya Khanum, a business graduate from Dhaka University, wants to buy and sell shares from home through her smartphone, thanks to the time-saving benefits and growing popularity of internet.
The 35-year-old housewife, who lives in Dhanmondi, attended Chittagong Stock Exchange's internet trade fair to know the process of online share trade using devices such as smartphones, tabs, laptops and desktop computers.
“I don't want to visit a brokerage house to trade in the stockmarket in the age of internet,” she said. “As I have to drop off and pick up my two sons from school every day, I figure this is the best option for me.”
“I am happy I learnt the ways to trade in the capital market from any part of the world through internet.”
Khanum invested in the stockmarket after taking a small amount of money from her husband and brother in 2011.
Like Khanum, 45-year-old businessman Abu Sayed, who spends four months a year abroad for work, also attended the fair, as he is interested in investing in the stockmarket.
“It is very convenient for me as I can buy or sell shares even when I am out of the country,” said Sayed. Investors will get a user identification number and a password after submitting a valid email address and date of birth to their respective brokerage houses.
To buy or sell shares online, investors can log in to bangladeshstockmarket.com. They have to press F2 to place share buy orders and F3 to sell.
The port city bourse has organised the two-day Internet Trade Fair to familiarise capital market investors at home and abroad with the online system.
M Abdul Mannan, state minister for finance and planning, yesterday inaugurated the fair at Diploma Engineers Institute in Dhaka with a demo.
Speaking on the occasion as chief guest, Mannan hinted that the Financial Reporting Act (FRA) would be passed in the next parliamentary session. "The FRA, if it gets a nod, would bring transparency in company financial statements," hoped the state minister.
Professor M Khairul Hossain, chairman of Bangladesh Securities and Exchange Commission (BSEC), said advancement of the capital market indicates development of a country.
"Online trading would help slash the trade differences between CSE and Dhaka Stock Exchange."
Muhammad Abdul Mazid, CSE chairman, Syed Sajid Husain, CSE managing director, and Md Fayekuzzaman, managing director of ICB, also spoke.
Investors at the fair are receiving relevant training on online trading so that they feel encourage to make internet based transactions. Visitors can also take part in a raffle draw to five win prizes.
Prizes include a smartphone with a Robi package, Banglalion internet modems, Grameenphone internet modems, a Grameenphone SIM and a Robi SIM.
CSE organised the fair in association with Grameenphone, Robi, United Commercial Bank, Lanka-Bangla Finance and AB Bank, where 17 brokerage houses, 3 IT firms, 2 cellular phone operators and 2 internet service providers are taking part.
Mobile phone operators, IT companies and brokerage houses will also demonstrate their IT-related products and offer internet devices and internet packages at discount prices. Investors will also be able to open beneficiary owners' accounts with the brokerage houses between 10am to 8pm at the venue.
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