Stocks
“Commodities trade shall be a place for exchanging futures contracts”
A commodities exchange, yet to be introduced in Bangladesh, will lead to stabilizing commodity prices in the local market through integration with foreign markets and can contribute to the country’s overall development, said Dr. Mizanur Rhaman, commissioner, Bangladesh Securities and Exchange Commission (BSEC).
“A stock exchange is a place for trading securities while a commodities exchange will be a place for trading futures contracts for buying and selling commodities. A commodities exchange can play a key role in soothing markets so it is deeply related to the development of our country,” said Mizanur Rahman as chief guest at a conference in Chattogram.
BSEC and Chattogram Stock Exchange (CSE) jointly organized the conference on corporate governance on Thursday, where secretaries of many listed companies participated.
Mizanur Rahman said BSEC has been working for 15 years to reduce corporate crises. The commission also oversees the appointment of auditors and ensures accountability between company boards, board committees, and investors.
At the seminar, CSE Managing Director (Acting) Ghulam Faruque said, “We will try to launch the commodities exchange this year, albeit with one product.”
CSE Chairman Asif Ibrahim, presiding over the program, said, “A company’s board of directors is the primary force influencing corporate governance. Good corporate governance guides leadership and aligns the interests of shareholders, directors, management and employees, which helps build investor confidence.”
There were various sessions in the seminar such as “Related party transactions and disclosures”, “Auditing of financial statements and audit opinion”, “Corporate governance audit”, and “The role of corporate boards and board committees”.
CSE Director, Major (Retd) Emdadul Islam, gave the opening speech at the conference while BSEC Executive Director ATM Tariquzzaman presented the keynote address. CSE Managing Director (Acting) Ghulam Faruque spoke on the occasion, among others.
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
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.
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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