The Bangladesh Securities and Exchange Commission (BSEC), the regulatory body, and the country’s main stock market, the Dhaka Stock Exchange (DSE), will work together to develop the stock market. DSE informed the media about this information.
The Board of Directors of DSE went to congratulate Prof. Shibli Rubaiyat-ul-Islam on his re-appointment as BSEC Chairman on Tuesday. Then DSE sent a press release to the media and informed this information.
On behalf of the board of directors of DSE, Professor Dr. Hafiz Muhammad Hasan Babu felicitated the reappointed BSEC Chairman with flowers. At that time he was with the member of the board of directors Professor Dr. Abdullah Al Mahmud, Md. Afzal Hossain, Rubaba Daula, Md. Shahidul Islam, Kawsar Ahmed, Md. Shakeel Rizvi, Mohammad Shahjahan, Sharif Anwar Hossain, Richard de Rosario and managing director Dr. ATM Tarikuzzaman.
DSE Chairman Prof. Dr. Hafiz Muhammad Hasan Babu said that the re-appointment of Professor Shibli Rubaiyat-ul-Islam as the chairman of the capital market regulatory body Bangladesh Securities and Exchange Commission was the demand of time for the shareholders to keep the development intact. Your reappointment is an expression of the confidence the government has in your abilities
He said, we are sure that the stock market will achieve more success in the future with your leadership, wisdom and direction in the light of the experience of the past term. With your multifaceted professional experience and dynamic leadership in the corporate world, the current stock market will overcome all obstacles and move forward on the road to prosperity and build a developed and prosperous smart stock market.
At the same time, the stock market will act as a partnership for long-term financing of the industrialization of the country, which will further encourage domestic and foreign investors to invest in the stock market of Bangladesh. As Chairman of BSEC, I strongly hope that Dhaka Stock Exchange will move forward in the future with your cooperation – said Hasan Babu.
He said, on May 17, 2020, you assumed responsibility as the chairman of the Bangladesh Securities and Exchange Commission at a critical time in the country. During most of your tenure there were several global untoward events. For more than two years, the country fell into a great crisis as a result of the corona epidemic. The Russia-Ukraine war started soon after the corona virus. It has a negative impact on the economy of the country as well as the whole world For more than a year, the 12th National Parliament election has been hot and tense in the political circles.
He also said that despite the hostile conditions of full-time work, he has added SME market, bond market, Alternative Trading Board (ATB) to the stock market, started work to launch commodity exchange and derivative market. In addition, the initial public offering (IPO) process has undergone major changes. Also stopped the placement trade, changed the lottery. Efforts to strengthen the mutual fund and bond markets, as well as making government bonds tradable in the secondary market, are multifaceted initiatives.
Besides, you have highlighted the economy and stock market of Bangladesh through road-shows in different countries of the world to make the stock market of the country a world-class stock market and bring foreign investment. Your multiple action plans and innovative thinking about the stock market have caught the attention of the world court In view of this, you were elected as the vice chairman of the Asia Pacific region of the International Organization of Securities Commissions. It is the first time that the stock market of the country has gained glory – said the chairman of DSE.
He said, we think that you have the ability to bring positive changes by taking advantage of all the opportunities in your innovative way of thinking and exploiting all its possibilities as an operator in the current multifaceted challenges of the stock market.
Hasan Babu said, we strongly believe that joining the Bangladesh Securities and Exchange Commission, one of the regulatory bodies of the financial sector, in your second term will make the country’s stock market in a new form and a new form, one of the most attractive stock markets for domestic and foreign investors.
