Approval of 19 digital booths to expand the scope of the stock market
Bangladesh Securities and Exchange Commission (BSEC) has decided to open 'digital booths' at home and abroad to expand the scope of the stock market and attract investment. Following this, in response to the application of brokerage houses affiliated to Dhaka and Chittagong Stock Exchanges, approval is being given to open digital booths at home and abroad subject to capacity verification.
So far, a total of 19 digital booths have been allowed to six brokerage houses affiliated with the Dhaka and Chittagong Stock Exchanges. The BSEC said that there are 2 digital booths abroad and 17 inside the country.
The brokerage houses approved to open digital booths are UCB Stock Brokerage, Island Securities, Padma Bank Securities, B Rich, Kabir Securities, Royal Capital and Green Delta Securities.
According to BSEC and market participants, the opening of digital booths will increase the interest of local, expatriate and foreign investors in investing in the country's stock market. Grassroot people will know about the stock market as well. At the same time, people will be encouraged to invest in this sector. In addition, the capacity of the country's stock market intermediaries will increase. Above all, the stock market will improve if the investment of resident and expatriate investors increases.
Among the approved digital booths, Island Securities 8, UCB Stock Brokerage 3, B Rich 3, Kabir Securities 2, Royal Capital 1, Green Delta Securities 1 and Padma Bank Securities 1 are allowed to open digital booths. Of these approved digital booths, 10 have been launched. The rest are waiting to be launched.
Tags: Digital booth Attract investment
