LankaBangla Securities, which performed best on the country's two bourses by turnover in 2008, will open at least three more branches in and outside Dhaka this year.
“We will continue our trade expansion by opening more branches to woo new investors to the stock market,” said Mohammed Nasir Uddin Chowdhury, chief executive officer of LankaBangla.
At present, LankaBangla has seven branches across the country -- three in Dhaka and Chittagong each and one in Sylhet.
LankaBangla, an authorised broker for some internationally reputed fund managers, also plans to organise road shows abroad to attract foreign investors to Bangladesh stock market.
“We will urge the stock exchange authorities to be a partner in international road shows,” Chowdhury said.
The brokerage house said it would develop internal resources such as upgrading IT infrastructure and enlarging the capacity and quality of its research team through training.
“We will try to keep up the top position this year -- the same as last year,” Chowdhury said.
LankaBangla retained the most active member position for a third year on Dhaka Stock Exchange and for a fourth year on Chittagong Stock Exchange, according to statistics by the two bourses.
LankaBangla accounted for 15 percent of the total trading on the DSE and 28 percent on the CSE in 2008.
LankaBangla is a subsidiary of LankaBangla Finance, a joint venture financial institution established with multinational collaboration. Sampath Bank of Sri Lanka, First Gulf Asia Holdings, and local entities such as One Bank, SSC Holdings and Shanta Apparels own stakes in LankaBangla Finance.
The other top nine brokers in terms of turnover in the just concluded calendar year on the DSE were ICB Securities Trading Company, AB Bank Foundation, IDLC Securities, Prime Finance and Investment Securities, Multi Securities and Services, NCC Bank, Dhaka Bank, CMSL Securities and Wifang Securities.
There are 238 members on the DSE and 137 on the CSE.
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