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 second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
