Dhaka, Bangladesh (BBN)- The number of beneficiary owners’(BO) accounts has reached nearly 3.0 million-mark as around 180,000 more BO accounts were opened by new share market investors in a month and a half.
Although the number of investors is increasing every day, the failure of the authorities to bring more securities on the over-heated market has resulted in the widening of gap in demand and supply of shares.
With an increased number of investors crowding the stock market with hopes to make quick profits, the number of BO account holders reached 29, 74,470 on October 14 from around 2970,000 on September 1, the New Age, a local newspaper, reported quoting the Central Depository of Bangladesh data.
Although around 180,000 more investors opened BO accounts, only two mutual funds were listed on the Dhaka Stock Exchange since September 1.
In the last financial year alone, the capital market saw an increase in BO account holders by 11, 60,674 while the DSE’s general index rose by more than 100 per cent and market capitalization 120 per cent, the newspaper reported.
BBN/SSR/SI-18Oct10-1:50 pm (BST)