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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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DSEX Fell 178 points in 4 Working Days amidst Shallow Turnover

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dse bearish market bourse turnover index

Dhaka Stock Exchange DSE, Bourse on the last working day of the week, April 18th, ended with a drop in Indices and hike in Turnover from the previous working session. This information is known from DSE sources.

522 crore 51 lakh taka shares were traded on this day. 39 crore 97 lakh more tradings were done in DSE today compared to the previous workday, 17th April , Shares worth Tk 482 crores 53 lakh shares were traded last time, Wednesday.

The benchmark DSEX lost 77.08 points or 5,686 The Shariah-based index DSES dropped 15.85 points or 1,246, and the blue-chip index DS30 decreased by 22.77 points or 1,984.

Of the issues traded, 29 advanced, 342 declined and 24 remained unchanged.

Asiatic laboratories Limited ranked top gainer on DSE, the share price increased by Tk 4.60 paisa or 9.96 percent. On this day, the share was last traded at Tk 50.80 paisa.

Far East Finance & Investment Limited ranked top loser on the DSE, the share price dropped by Tk 0.30 paisa or 6.97 percent. On this day, the share was last traded at Tk 4.00 paisa.

DSE topped on trade is Asiatic Laboratories Limited 39 crore 22 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 47 lakh 25 thousand 651 shares of the companies were traded. The financial value of which is 17 crore 46 lakh taka

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Agni Systems releases Q3 Financials

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One of the listed companies, Agni Systems limited discloses its financial reports for the third quarter, (January – March 24).

The company’s earnings per share (EPS) was Tk 0.32 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 0.27 paisa during the same period last year. NAV per share was Tk. 16.37 as of March 31, 2024.

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Dutch Bangla Bank Declares 35% Dividends

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Dutch-Bangla Bank

One of the Listed companies, Dutch Bangla Bank PLC has recommended 17.5% Cash Dividends & 17.5% Stock Dividends for the year ended December 31, 2023.

In terms of financial performance, The Company has further informed Consolidated EPS of Tk. 10.72 for the year ended December 31, 2023. The Company has also reported Consolidated NAV per share of Tk. 64.41 for the year ended December 31, 2023.

The Annual General Meeting (AGM) of the company will be taking place on June 09, through the digital platform. The record date for this has been fixed at May 9.

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