Stocks
Bangladesh’s Stock Market is the Key Investment Hub, Says DSE Chairman
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.
Dhaka Stock Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
