Stocks
Most People in the Country Lack Knowledge of the Stock Market
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A significant portion of the population in Bangladesh remains unfamiliar with the workings of the stock market, according to Professor Shibli Rubayat-Ul-Islam, the Chairperson of the Bangladesh Securities and Exchange Commission (BSEC). He voiced his concerns during a gathering organized by the Central Depository Bangladesh Limited (CDBL) and the Central Counterparty Bangladesh Limited (CCBL) where he was a key speaker. Professor Shibli emphasized that approximately one percent of the population engages with the stock market, but stressed that in cases of financial losses, the government, prime minister, and authorities will address the issue.
The remarks were made at an event held at a hotel in Dhaka on Sunday, October 8, with Sheikh Kabir Hossain, Chairman of the CDBL, presiding over the gathering. Major General Md Wahid-Uz-Zaman, Chairman of the CCBL, was also present as a special guest.
Professor Shibli stated that some content on social media platforms tends to generate panic among the public. He pointed out that social media engagement often equates to monetary gain, which motivates the dissemination of sensational and misleading information. He urged the audience to be cautious and discerning when confronted with such misleading information.
In his address, Professor Shibali cautioned against relying on sensationalized news, emphasizing the need for ethical journalism and responsible reporting. He urged individuals to be vigilant and discerning when encountering misleading information and sensational news.
He emphasized that their efforts are focused on combating fraud and scams. Over the past year, they have undertaken nearly five hundred enforcement actions. Often, due to various reasons, they refrain from disclosing much in the market’s interest. However, if someone is involved in such fraudulent activities that significantly impact the stock market, we take action against them. By Working together, CDBL and CCBL can make it easier to reduce irregularities in the future. We do not wish to resort to enforcement actions; instead, we aspire to have a well-functioning and beautiful stock market.
Professor Shiali Rubayat-Ul-Islam mentioned that our commissioners work tirelessly, much like the private sector, day and night. However, we have concerns about what the market will look like before we go to sleep at night and wake up the next morning. Why it happens, we don’t know. Our problem lies with platforms like Facebook and YouTube. To boost views, various false pieces of information are being spread. Such misleading information and news have now become our problem.
Foreign investors are eagerly awaiting opportunities for investment, according to the Chairman of the Bangladesh Securities and Exchange Commission (BSEC). He remarked that there is a significant pipeline for investment, and people are waiting for the outcome of elections before making investment decisions. The uncertainty regarding whether we will be able to invest is a matter of concern.
Addressing potential investors, the Chairman of the stock market regulator stated that for long-term investments, they should not consider any alternative outside the stock market. He highlighted the cooperation received from Bangladesh Bank and various government departments, starting from the Prime Minister, in supporting investment initiatives.
The event featured the presence of Md. Asif Ibrahim, Chairman of the Chittagong Stock Exchange (CSE), Dr. A.T.M. Tariquzzaman, Managing Director of the Dhaka Stock Exchange (DSE), A K M Nurul Fazal Bulbul, Vice-Chairman of the CDBL, Dr. Md. Tarek, Director of the CCBL, and Moniruzzaman Chowdhury, CEO of Prime Bank, among others.
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Stocks
Weekly U.S. Stock Market Reports Diverse Performance
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Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent loss of 1,023 points, reaching a closing value of 16,690 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, losing 240 points to settle at 5,408 points. Meanwhile, DJIA Index experienced a notable hike, adding 1,218 points during the week and concluding at 40,345 points after a week of gaining.
In contrast, Russell 3000 Index saw a loss in week performance, with a slight drop of 141 point to reach 3,077 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable lost of 126 points, ending the week at 2,091 points.
Stocks
European Stock Weekly Review Highlights Mixed Trend
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In the Outgoing week, the European stock market displayed a mixed performance.
Here is the data on the weekly performance of the European Stock Market, The STOXX Europe 600 index, which is considered a leading benchmark for the European market and covers approximately 90 percent of the market capitalization across 17 countries, reported a loss of 18.49 points to close at 506.56.
The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant drop, losing 195 points or finishing the session at 8,181.
In Germany, the DAX 30 index, added by 605 points to reach 18,301, while France’s CAC 40 decreased by 278 points to stop at 7,352 at the end of the trading day.
Italy’s FTSE MIB, which covers the top 40 stocks traded on the Milan Stock Exchange, decreased by 1,081 points to 33,291. However, Spain’s IBEX 35, lost by 228 points, to close at 11,173.
Stocks
Weekly South Asian Stock reports Varied Performance
![south asian stock](https://en.orthosongbad.com/wp-content/uploads/2023/06/New-Project-4.jpg)
A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has lost 1,182 points during the week. At the end of the week, the index stood at 82,365 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange dropped by 383 points last week. At the end of the week, the index stood at 24,852 points.
Pakistan Stock Exchange Index ‘KSE 100’, added 459 points last week. After a week of losing, the index settled at 79,002 points.
On the other hand, The Sri Lankan stock market index loss, and the Colombo Stock Exchange index ‘ASPI’ decreased by 94 points in a week. After a week the index settled at 10,775 points.
Bhutan’s stock market index ‘BSI’ dropped by 9 points hence the index stood at 1,500 points throughout the whole week. Nepal’s ‘NEPSE’ lost 22 points, therefore the index stands at 2,727 points.
Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ lost by 75.77 points or 1.31 percent, in the outgoing week. At the end of the week, the index stands at 5,728 points.