Bangladesh Securities and Exchange Commission (BSEC) Chairman Khondoker Rashed Maqsood has called for greater government involvement to resolve the long-standing problem of negative equity in the capital market.
Speaking at a discussion titled “Current State of Bangladesh Capital Market”, organised by the DSE Brokers Association (DBA), Maqsood said policy recommendations alone are not enough. While the Bangladesh Capital Market Enhancement Committee (BCEC) is tasked with policy formulation, he stressed that a sustainable solution requires active participation from the government.
Maqsood described negative equity as the single most critical challenge facing the market today. He noted that in the past, the issue was repeatedly sidestepped through temporary circulars, but that approach is no longer viable. “We are now working towards a permanent resolution. Every listed company and board must play its part,” he added.
Dhaka Stock Exchange (DSE) Chairman Mominul Islam commented on the national budget for FY2025–26, saying that while it didn’t fully meet expectations, it did address some key market concerns. However, he emphasised the need to focus on long-term objectives, particularly attracting quality companies to the market. “Incentives alone won’t sustain growth—we need better listings,” he said.
Dr Anisuzzaman Chowdhury, Special Assistant to the Chief Adviser with the rank of State Minister for Finance, acknowledged the magnitude of the challenges. He said the damage of the past 15 years cannot be undone overnight but assured that the interim government is committed to structural reforms. “This is a period of transition. Reforms are difficult, but they are essential and already underway,” he noted.
Professor Abu Ahmed, Chairman of the Investment Corporation of Bangladesh (ICB), urged the government to encourage multinational companies to list on the country’s stock exchanges. He argued this would help boost market depth, serve the public interest, and support fiscal needs. He also flagged high interest rates as a major barrier to investment and liquidity.
Tapan Chowdhury, Chairman of Central Depository Bangladesh Limited (CDBL), voiced concern over investor losses. “Many retail investors have lost their life savings in the market. That’s a result no one wants to see,” he said, urging for stronger investor protections.
The event ended with a broad consensus that rebuilding confidence in the capital market requires joint efforts from regulators, policymakers, and the government. Among those present were FICCI President Javed Akhter and other senior figures from the financial sector.