The role of equities market in a economy?

Role 1. Distribution of financial resources to the most productive units i.e savings to viable investments. 2. mobilize savings which could be left idle to profitable channels. 3. Enable companies to raise short term and long term capital funds. 4. Provision of investment advice to individuals through financial experts. 5. Enable companies to make l.t and s.t investments and increase liquidity of shares. 6. Achieving real output in the economy by mobilizing capital for investment.