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DSE, DBA pledge to work together for market growth

Staff Correspondent
22 Mar 2023 00:00:00 | Update: 21 Mar 2023 23:04:22
DSE, DBA pledge to work together for market growth
The newly appointed chairman, directors of the Dhaka Stock Exchange, and officials of the DSE Brokers Association of Bangladesh pose for a photo during their recently held meeting– Courtesy Photo

The newly appointed board of directors of the prime bourse Dhaka Stock Exchange (DSE) recently sat in a meeting with the DSE Brokers Association of Bangladesh (DBA).

The meeting was held to find more possible ways for the further development of the country’s capital market, said a media statement.

Newly-elected Chairman of DSE, Professor Dr Hafiz Md Hasan Babu in the meeting underscored the importance of working together with the brokers to improve the market condition.

“We want to develop the market together with the cooperation of all of you. This market is actually a market created by you. We will make development roadmaps with you,” said the DSE chairman.

Babu also stressed the importance of upgrading the DSE’s technological tools and bringing it up to international standards.

“Our IT division must be the number one not only in the context of Bangladesh but also in the context of the whole world. For this, a committee will be constituted, and an action plan will also be adopted with the participation of all parties concerned,” he added.

The directors of DBA also expressed their high hopes for the new board and emphasised the need for an increased communication with government entities such as the National Board of Revenue and the Bangladesh Bank for the market development. They also placed initiatives to be taken to increase transaction volume in the market and improve the stock exchange technology.