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Turnover, Market Cap Hikes amidst Index drops on Weekly DSE Reports

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DSE Bourse Index Capitalization Weekly hikes bull market

Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a hike in Turnover & Market Capitalization, on the other hand Index dropped. This information was disclosed in the weekly market review from the DSE.

According to sources, (5 working days) the turnover of DSE dropped by Tk 359 crore 93 lakh (October 29-November 26). At the same time, the market capitalization has increased by 459 crore 79 lakh 19 thousand 776 taka.

The benchmark index ‘DSEX’ lost by 7.93 points or 0.13 percent, in the outgoing week. At the end of the week, the index stands at 6,267 points. The Shariah-based index ‘DSES’ dropped 3.33 points or 0.24 percent and therefore the index stands at 1,359 points. The blue-chip index ‘DS30’ decreased by 1.82 points or 0.09 percent, hence the index stands at 2,133 points.

Shares and units worth 2 thousand 195 crore 23 lakh taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 84 thousand 528 crore 57 lakh 86 thousand 167 taka.

Shares and units of 403 companies were traded on Bourse during the week. Of these, 229 shares were unchanged, 79 companies declined, and 70 companies advanced.

Fu Wang Foods Limited has ranked at the top of weekly trading on DSE. It is known that 3 crore 96 lakh 13 thousand 327 shares of the company were traded throughout the week. Its market value is 127 crore 23 lakh takas.

Samorita Hospital Limited has ranked at the top of weekly gainers on DSE. It is known that the share traded a total of Tk 69 crore 22 lakh, which is an average of 13 crore 84 lakh per day. The share has risen 32.28 percent to its highest price.

Monno Agro General Machinery Limited has ranked at the top of weekly losers on DSE. It is known the share traded a total of Tk 22 crore 24 lakh, which is an average of 4 crore 44 lakh shares per day. The share has dropped 30.07 percent lowest in the last week.

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Beximco Taps Iqbal Ahmed as New Managing Director

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Beximco Pharmaceuticals has announced the appointment of Iqbal Ahmed, a current director, as the new managing director for a five-year term.

hmed, who has been serving on the board since 1985, will assume the role pending approval from shareholders at the upcoming annual general meeting. The move follows the resignation of the company’s former managing director, Nazmul Hasan, who stepped down from the position after assuming a ministerial role in the government.

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6 More Companies to Enter ‘Z’ Categories Starting Tomorrow

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Starting tomorrow, Monday (March 4), shares of six companies will be transferred to the ‘Z’ category on the Dhaka Stock Exchange, as directed by the Bangladesh Securities and Exchange Commission (BSEC).

The decision stems from various factors, including the failure to host the annual general meeting, production shutdown for over six months, and many other reasons.

However DSE mentioned two companies from the textile sector, two from the pharmaceutical and chemical sector, one from the financial sector, and one from the insurance sector. The affected companies are Prime Textile, Prime Finance, New Line Clothings, Far East Islamic Life Insurance, AFC Agro Biotech, and Active Fine Chemicals Limited. The ‘Z’ category is typically assigned for companies facing financial troubles or regulatory issues, signaling caution for investors.

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Grameenphone’s Stock Plunge 8.72% after Lifting Floor

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The stock of Grameenphone (GP) experienced a significant decline of 8.72% immediately after the removal of the floor price restriction.

According to the directive of the Bangladesh Securities and Exchange Commission (BSEC), the floor price restriction on shares of Grameenphone Limited is set to be lifted from today, March 3rd.

Yesterday, GP shares were traded at Tk286.60 each. However, Today, experiencing a drop of Tk25.00 from the opening price at the Dhaka Stock Exchange (DSE). The session witnessed the exchange of a total of 7 lakh 43 thousand 710 shares, amounting to Tk19 crore 46 lakh.

This downturn in GP stocks had a notable impact, resulting in a decline in the key index DSEX, settling at 6,215 by the end of the day trading. The Bangladesh Securities and Exchange Commission (BSEC) had earlier issued a directive to withdraw the floor price restriction on Grameenphone stocks on 3 March. The floor price is the lowest set by the securities regulator, determining the minimum price at which a stock can be traded. In January, the BSEC lifted the floor price for most stocks, 18 months after its introduction.

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