DSE to invite big firms to market

For the first time in history, Dhaka Stock Exchange (DSE) will officially invite big and renowned local companies to get listed on the share market.

A conference in this regard has been arranged for December 21, when top officials and owners of around 100 companies are expected to be in attendance.

Rangs Group, Transcom, Bashundhara, Nasir Group of Industries, Meghna Group of Industries, Abdul Monem, Rahimafrooz, Nassa Group, Bengal Group of Industries, BRB Cable, Drug International, United Group, Kazi Farms, City Group, Jamuna Group, and Incepta Pharmaceuticals are on the list of invitees.

Prof Shibli Rubayat Ul Islam, chairman of the Bangladesh Securities and Exchange Commission, will speak as chief guest while Md Jasim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry, will also participate.

"We want to motivate leading corporate houses to come to the stock market instead of going to banks for their long-term financing needs," said Shaifur Rahman Mazumdar, chief operating officer of the DSE.

The move will be helpful for banks as well as they face trouble in treasury management when giving long-term loans from short-term deposits, he said. "The stock market lacks good companies so their inclusion will be great news for the market," he added.