'BSEC working to ensure return from listed firms'
All savings funds, including remittance, will come to the stock market if proper return from listed companies can be ensured, said Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubayat Ul Islam.
That is why, the stock market regulator is working to ensure the return for investors and corporate good governance in the capital market, he said.
"If people get confidence that they will get return on their investment then why would the remittance and other savings funds not come to the market?"
"Definitely they will come."
If people buy a company's stock but they do not get a handsome return, then they will not continue to invest, he said.
His comments came in a programme organised by the Dhaka Stock Exchange (DSE) today when the premier bourse handed over TREC (Trading Right Entitlement Certificate) licences to 55 entrepreneurs.
DSE Director Md Rakibur Rahman said the index is nothing but the price indicator, which may soar to 10,000, 15,000 and 20,000 points.
"I hope the turnover of the market would hit Tk 5,000 crore every day within five years."
"Many people asked me whether the market will sustain. I replied them that the market will sustain 100 per cent, because trading-based market sustains," he said.
"However, the market may witness correction."
Eunusur Rahman, chairman of the DSE, and Tarique Amin Bhuiyan, managing director, also spoke at the event.
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