Stocks
Bangladesh’s Stock Market is the Key Investment Hub, Says DSE Chairman
![DSE stock market](https://en.orthosongbad.com/wp-content/uploads/2023/11/ব্রাসেলস-১.jpg)
Dr. Hafiz Muhammad Hasan Babu, the Chairman of the Dhaka Stock Exchange (DSE), has emphasized the significance of the capital market in Bangladesh, highlighting the pivotal role played by the stock exchange, particularly in attracting investments. He stressed that the DSE is a crucial player in the country’s financial landscape, with a market capitalization of nearly $80 billion. Dr. Babu also discussed the potential for investment in innovative projects and initiatives in Bangladesh, aligning with the vision of a “Smart Bangladesh,” which is vital for the nation’s economic development.
In a meeting on Friday, November 3rd, Dr. Babu shared his views with Mr. Vincent Van Dessel, Chairman of Euronext Brussels, during their discussion in Belgium, reaffirming the importance of the DSE and its alignment with Bangladesh’s progressive economic policies, the government’s multifaceted development plans, and the transition from a Digital Bangladesh to a Smart Bangladesh. He also highlighted opportunities for foreign and expatriate Bangladeshi investors in the country’s stock market.
During their meeting, the DSE and Euronext Brussels discussed a memorandum of understanding (MoU) on mutual cooperation and collaboration, further solidifying their relationship.
From October 21st to November 4th, the DSE delegation, led by Chairman Dr. Babu, participated in “The Rise of Bengal Tiger: Potentials of Trade and Investment in Bangladesh,” a roadshow held in France, Germany, and Belgium. The eight-member delegation included Professor Abdullah Al Mahmud, Director of DSE, along with other representatives, such as Mohammad Afzal Hossain, Mohammad Shakil Rizvi, Sharif Anowar Hossain, Dr. ATM Tarikuzzaman, DSE Managing Director, Sattique Ahmed Shah, Chief Financial Officer, and Muhammad Asadur Rahman, the Company Secretary.
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Stocks
Weekly U.S. Stock Market Reports Diverse Performance
![U.S. Stock](https://en.orthosongbad.com/wp-content/uploads/2024/03/7xm.xyz120015.jpg)
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
![stock European](https://en.orthosongbad.com/wp-content/uploads/2023/04/fsdfsdf.webp)
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.