Brokerage industry leaders emphasise key measures for a thriving capital market

During a meeting with the Dhaka Stock Exchange (DSE) on Sunday (18 June), representatives from both brokerage and merchant banking sectors repeated their suggestions for promoting a dynamic financial market.

During the meeting, which was led by M Shaifur Rahman Mazumdar, the Acting Managing Director of DSE, various issues were discussed. These included worries about how the proposed income tax act could discourage new investors, the obstacles that trading floor prices might create, and the importance of officials communicating clearly with the media to prevent any false information from spreading.

The top figures in the industry put forward various suggestions that are focused on promoting a more fluid capital market.

The people demanded that the time it takes to finalize trades be shortened from two days to one, the implementation of market makers for specific stocks, a quicker introduction of derivative products, and a growth in market excellence.

Furthermore, they supported the idea of simplifying the process for opening BO accounts and incorporating minor transactions into the block market. This would involve reducing the minimum threshold to as low as Tk1 lakh, a significant decrease from the current Tk5 lakh.

The representatives stressed that improving and simplifying the brokerage sector would aid in the growth of the capital market as a whole.

They emphasized the significance of making the market and the economy work together to guarantee progress and advocated for the government to create more profound connections connecting both entities.