Major public offerings to expand market
Market capitalisation at Dhaka bourse will double in the next three to five years, led by some major public offerings, including that of Grameenphone, said a market analyst.
“Although market capitalisation in our country is smaller than our neighbouring countries', the growth rate is much higher than many,” Arif Khan, deputy managing director of IDLC Finance, told a workshop in Dhaka yesterday.
The Capital Market Journalists' Forum (CMJF) and Dhaka Stock Exchange jointly organised the training programme for journalists who are currently involved in capital market reporting.
Khan said the number of listed companies is still not many. “But things are changing fast. Grameenphone, the largest mobile phone operator, has got go-ahead from Securities and Exchange Commission and is ready to be listed on the stock exchanges. Some other big and multinational companies such as RAK Ceramics and Marico Bangladesh will also make their debut soon,” he said.
“If this trend continues, the market capitalisation will double in the next three to five years,” he said.
Presently, the market capitalisation of Dhaka Stock Exchange, the premier bourse, is more than Tk 1,31,380 crore, which is around 20 percent of gross domestic product.
Market capitalisation represents the aggregate value of a company or stock. It is obtained by multiplying the number of shares outstanding by their current price per share.
Some 30 journalists from newspapers, electronic media and news agencies participated in the programme at the DSE training academy. It was the second session of a six-month-long training programme.
President of the forum Ziaur Rahman also spoke at the session.
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