Stakeholders of the market said investors usually open new BO accounts to buy initial public offering (IPO) shares. An abnormal surge in the share prices of newly listed companies last year, after their debuts at the stock exchanges, encouraged people to open new BO accounts. High bank interest rates, failure in securing bank loans, and flexible terms of the stock market attracted companies to go public, analysts said. Following the stock market crash in 2010, a number of new BO accounts dropped drastically. Last year, there were a good number of IPOs, and that is why the number of new BO accounts rose."

Source: Dhaka Tribune January 05, 2019 17:15 UTC