Dhaka, Jan. 2 -- The stock market passed a rough patch last year. But the changes that the regulator felt forced to make to bring some sort of stability in the volatile market will bear fruits not only in 2023 but also in many more years to come.

The war-induced economic gloom that stymied the growth of business and the market heightened the need for product diversification.

The biggest ever move was to introduce treasury bonds in the secondary market after it had been planned for more than a decade. The bonds expanded investment opportunities for retail investors who had nothing but stocks and mutual funds to put their money on.

As many as 250 treasury bonds worth Tk 3,168 billion of market capitalization have become new and risk-free...