Publish data properly

Some listed companies do not regularly publish their financial data on their website and so, investors struggle to analyse and take decisions, said Shaikh Shamsuddin Ahmed, a commissioner of the Bangladesh Securities and Exchange Commission (BSEC).

"Some companies do not publish their audited reports on their website so the BSEC asked them to update their data but despite repeated letters, they have not replied," he added.

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Ahmed went on to say that the BSEC does not want to take any tough actions against the issuers for such activities even though it has the scope to do so.

The listed companies should update their annual reports, audited reports and quarterly financial report on their website properly, Ahmed added.

His comments came yesterday at a workshop on Exchange Traded Fund (ETF) organised by the Capital Market Journalists' Forum (CMJF) at its office in Dhaka.

"ETF would be a good product for investors so they should know about it," the commissioner said.

As such, the BSEC is continuing its financial literacy program to teach investors about the stock market, he added.

Saied Mahmud Zubayer, deputy general manager and head of the product and market development department at Dhaka Stock Exchange Limited (DSE), was the main trainer at the event.

Zubayer said the ETF is very popular in all developed stocks markets while Bangladesh does not have any such fund.

"Three fund managers have expressed their intention to launch the ETF and the fund will be helpful for a sustainable market," he added.

Mohammed Rahmat Pasha, CEO of UCB Stock Brokerage, Rashedul Hasan, CEO of UCB Asset Management, Ziaur Rahman, president of the CMJF, and Abu Ali, secretary general of the CMJF, also spoke at the event.