Dhaka Stock Exchange (DSE) will upgrade information dissemination system of listed firms from next month as existing disclosure system are insufficient to understand a company properly.
“We will redesign the company’s information and statistics in line with international standard from November,” said Swapan Kumar Bala, managing director of DSE, at a press briefing yesterday.
The step will be taken to help stock investors better understand a company before making their investment, he said adding that this would bring more transparency to the stock market.
Compared to the disclosure presentation mode being practised by the stock exchanges in the region –Bombay Stock Exchange (BSE), Karachi Stock Exchange (KSE) and Colombo Stock Exchange (CSE) – the country’s two stock exchanges lag behind them in most cases.
For example, the company disclosures and price sensitive information have been posted on the Colombo Stock Exchange websites by scanning original copies from the companies. This practice is, however, absent in local stock markets—DSE and Chittagong Stock Exchange.
DSE managing director said the prime bourse would launch an app on DSE info in December so that investors easily got access to information.
He said the DSE would also introduce online payment system for brokerage houses and listed companies so they could pay various fees online.
About concerns related to foreign investors exit from the DSE, Swapan Kumar said this “was not true.”
“Foreign investors might release their portfolios to book profits, which does not mean that they are leaving the stock market.”
In reply to a question, MD said after demutualisation, breaching securities rules by the listed firms declined significantly.
The DSE is also working to introduce more products, including exchange traded fund, commodities exchange and derivatives market.
