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Do not invest in stocks whimsically, says PM

Prime Minister Sheikh Hasina on Sunday stressed the need for making well-thought-out investment in the capital market and not to do anything whimsically based on rumors and reassured that her government would continue its efforts for sustainable development of the capital market.

She also hoped that the capital market would be the dependable long-term source of financing for building a developed Bangladesh. The prime minister said while inaugurating countrywide Financial Literacy program at Bangabandhu International Conference Center (BICC) organized by Bangladesh Securities and Exchange Commission (BSEC). She said her government’s aim is to make the country free from poverty as the economic emancipation is the key to that end. “So, for further flourishing of the capital market, we’re always expanding our hands for all types of cooperation.”

The prime minister also mentioned that her two consecutive governments since 2009 had taken various types of initiatives for the establishment of a stable, transparent and accountable capital market. “As a result, the stability of the capital market has been established as well as the confidence of investors from home and aboard has bolstered,” she said. BSEC Chairman Dr M Khairul Hossain delivered the welcome speech while Finance Minister AMA Muhith spoke as the special guest.

The vision of the Financial Literacy Program is to provide financial education to each and every person of Bangladesh.
BSEC took the initiative to make individuals understand at their level of needs the role of money in their lives, the need and use of savings, the advantages of using formal financial sectors, various ways to convert their savings into investments, develop self-protection through understanding risks and a realistic recognition of the attributes of these options. Earlier, the prime minister inaugurated the newly-built building for the BSEC in the city’s Agargaon area.
Source: Asian Age, Dhaka, Bangladesh

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