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Developed Nations Eyes Bangladesh for Investment Amidst Economic Potential

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Bangladesh is being recognized as an attractive destination for investments, as stated by Professor Shibli Rubayat-Ul-Islam, the Chairman of the Bangladesh Securities and Exchange Commission (BSEC). He made this announcement during his keynote speech at a seminar titled “Capital Market for Sustainable Finance,” organized by the Bangladesh Merchant Bankers Association and held at the Commerce Building of Dhaka University on Thursday, October 5. The seminar’s chief guest was Dr. Hasan Mahmud, the Minister of Information.

Professor Shibli Rubayat-Ul-Islam emphasized that Bangladesh holds a significant geopolitical position and has made remarkable progress in terms of GDP growth, which has garnered global interest. He highlighted the shift in perception towards Bangladesh, indicating that it has become an attractive destination for international partners and investors.

Professor Shibli Rubayat-Ul-Islam has projected that Bangladesh is on the cusp of an economic renaissance in the coming five years. He made this optimistic statement despite the recent economic challenges posed by the COVID-19 pandemic and the conflict between Ukraine and Russia. These factors have contributed to a sluggish pace of economic growth. Professor Shibli Rubayat-Ul-Islam acknowledged the current tension in the run-up to elections but emphasized that the nation is poised for a bright economic future.

He elaborated on the situation, stating that Bangladesh is facing a labor crisis in the garment industry, with 42% of the workforce reduced in a country of 17 crore people. Furthermore, there is a shortage of laborers for rice harvesting. However, despite these challenges, he expressed confidence that Bangladesh is on the brink of a significant economic upturn.

Professor Shibli Rubayat-Ul-Islam emphasized the importance of investment and urged individuals to be attentive to investment opportunities during these promising times.

In a recent statement, the head of the Securities and Exchange Commission of Bangladesh emphasized the country’s impeccable track record in repaying loans, highlighting that Bangladesh has never failed to meet its debt obligations. Looking ahead, the nation’s objectives include the Sustainable Development Goals (SDGs), the Vision 2041 plan, and the Delta Plan. Achieving these goals, however, necessitates a staggering $965 billion in funding, a sum that cannot be solely generated from domestic resources.

To bridge this substantial financial gap, cooperation between the money market and capital market is imperative. While domestic investments are expected to contribute around $450 billion, the remaining funds must be attracted from foreign sources.

The Chairman of the Securities and Exchange Commission stated that Bangladesh’s business and trade sectors have been performing well in recent years, offering attractive returns on investments. He urged domestic investors to seize investment opportunities during the Investment Week, with a desire for more local investments. Additionally, he encouraged foreign investors to learn more about Bangladesh, as investing in the country can yield favorable returns.

Professor Shibli Rubayat-Ul-Islam also highlighted the significant potential of the African market, with its population of over one billion people and vast agricultural lands. African entrepreneurs expressed interest in collaborating with Bangladesh in the agro-based industry. He mentioned that Bangladesh’s development model serves as a role model for them. Thus, opportunities for trade and investment between Bangladesh and Africa are expected to grow.

Regarding capital raising, he mentioned that Bangladesh has been working on issuing Green Bonds, Blue Bonds, and Islamic Sukuk Bonds to facilitate capital raising in business and trade. These bonds have already attracted billions of Taka in investment, and their popularity is expected to rise in the future.

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Dhaka Bourse Performed Mixed

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dse bourse indices turnover dhak stock exchange stock market

Dhaka Stock Market DSE, Bourse on the third working day of the week, 16th July, ended with a mixedperformance in Indices and drop in Turnover from the previous working session. This information is known from DSE sources.

662 crore 24 lakh taka shares were traded on this day. 39 crore 98 lakh more tradings were done in DSE today compared to the previous workday, July 15th, Shares worth Tk 662 crores 24 lakh shares were traded last time, Monday.

The benchmark DSEX decreased 1.82 points or 5,484 The Shariah-based index DSES dropped 1.56 points or 1,201 and the blue-chip index DS30 gained by 17.08 points or 1,961.

Of the issues traded, 121 advanced, 221 declined and 55 remained unchanged.

NRB Bank Limited ranked top gainer on DSE, the share price increased by Tk 1.10 paisa or 10.00 percent. On this day, the share was last traded at Tk 12.10 paisa.

Prime Textiles Mills Limited ranked top loser on the DSE, the share price dropped by Tk 0.50 paisa or 3.00 percent. On this day, the share was last traded at Tk 16.20 paisa.

DSE topped on trade is Reckitt Benckiser Limited 23 crore 33 lakh takas of company shares have been traded.

A total of 42 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 89 lakh 50 thousand 218 shares of the companies were traded. The financial value of which is 50 crore 62 lakh taka

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Sena Kalyan Insurance releases Q2 FInancials

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Sena Kalyan Insurance

One of the listed companies, Sena Kalyan Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).

The company’s earnings per share (EPS) Tk 1.14 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 2.06 for January-June 2024 as against Tk. 1.32 for January-June 2023. EPS  was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 22.83 as of June 30, 2024.

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Dhaka Bourse on Green Despite Sluggish Indices

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dse dhaka bourse index turnover

Dhaka Stock Market DSE, Bourse on the second working day of the week, 15th July, ended with a gaining performance in Indices and Turnover from the previous working session. This information is known from DSE sources.

662 crore 24 lakh taka shares were traded on this day. 39 crore 98 lakh more tradings were done in DSE today compared to the previous workday, July 12th, Shares worth Tk 622 crores 25 lakh shares were traded last time, Sunday.

The benchmark DSEX increased 2.17 points or 5,484 The Shariah-based index DSES added 0.72 points or 1,203 and the blue-chip index DS30 gained by 7.17 points or 1,937.

Of the issues traded, 140 advanced, 191 declined and 66 remained unchanged.

Information Services Netowrk Limited ranked top gainer on DSE, the share price increased by Tk 4.50 paisa or 9.93 percent. On this day, the share was last traded at Tk 49.80 paisa.

Linde Bangladsh Limited ranked top loser on the DSE, the share price dropped by Tk 33.40 paisa or 3.00 percent. On this day, the share was last traded at Tk 1,080.10 paisa.

DSE topped on trade is Orion Infusion Limited 57 crore 23 lakh takas of company shares have been traded.

A total of 40 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 53 lakh 88 thousand 588 shares of the companies were traded. The financial value of which is 51 crore 12 lakh taka

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