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BSEC, NAB Lead Joint Workshop on Impact Investment in Bangladesh

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The Bangladesh Securities and Exchange Commission (BSEC) and the National Advisory Board (NAB) collaboratively hosted a roundtable workshop titled “Impact Investment; Bridging the Gap” at the BSEC Building on November 12, 2023 (Sunday). Dr. Sheikh Shamsuddin Ahmed, BSEC Commissioner, moderated the event, with Forhadur Reza, CEO of NAB, leading the proceedings. The honorable Chairman of BSEC, Prof Shibli Rubayat Ul Islam, graced the program, alongside delegates from various national and global organizations. The workshop delved into the theoretical and global framework of impact investment, exploring its prospects, challenges, and opportunities for implementation in Bangladesh.

During the preliminary speech, Forhadur Reza, CEO of NAB, provided a conceptual overview of impact investment, stressing the necessity of collaborative efforts in Bangladesh. Prof Shibli Rubayat Ul Islam, Chairman of BSEC, highlighted BSEC’s initiatives to promote impact investment, citing the recent issuance of sustainable bonds. He emphasized BSEC’s commitment to prioritizing sustainability in fund-raising projects, with a focus on Environmental, Social, and Governance (ESG) issues. Prof Shibli Rubayat Ul Islam assured continued support from BSEC for impact investment and called for joint collaboration in this area.

Subsequent presentations were delivered by Arastoo Khan, Chairman of NAB, Fai Wechayachai from GSG, Rezaul Karim, ED of BSEC, Laura Browner, Manager of Social Financing from the Netherlands, and Erad Kawser, ED of Build Bangladesh. Topics ranged from the national strategy of impact investment to instruments, measuring and reporting impact, and BSEC’s ongoing initiatives. Presenters emphasized the need for a cohesive approach and the removal of policy limitations to make impact investment more accessible in Bangladesh.

Following the presentations, delegates shared their opinions, stressing the importance of a pragmatic approach, considering investor returns alongside social impact, and advocating for national and global collaborations to facilitate the process. In concluding remarks, Dr. Sheikh Shamsuddin Ahmed, the moderator, expressed gratitude for the shared insights. He highlighted BSEC’s commitment to impact investment, citing recent collaborations with IFC and UNDP on projects.

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Weekly U.S. Stock Market Reports Diverse Performance

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Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent hike of 555 points, reaching a closing value of 17,688 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, gaining 85 point to settle at 5,431 points. Meanwhile, DJIA Index experienced a notable drop, losing 209 points during the week and concluding at 38,589 points after a week of gaining.

In contrast, Russell 3000 Index saw a gain in week performance, with a slight hike of 40 points to reach 3,077 points by the end of the week.

Moving to Russell 2000 Index, demonstrated a notable drop of 20 point, ending the week at 2,006 points.

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Weekly European Stocks Shows Negative Result

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In the Outgoing week, the European stock market displayed a massive losing 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 drop of 12.5 points to close at 511.05.

The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant drop, losing 99 points or finishing the session at 8,146.

In Germany, the DAX 30 index, lost by 555 points to reach 18,002, while France’s CAC 498 decreased by 9 points to stop at 7,503 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 1,995 points to 32,665. However, Spain’s IBEX 35, added by 412 points, to close at 10,992.

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South Asian Stocks Reports Gaining Performance in Recent Week

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A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has added 299 points during the week. At the end of the week, the index stood at 76,992 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange gained by 175 points last week. At the end of the week, the index stood at 23,465 points.

Pakistan Stock Exchange Index ‘KSE 100’, shed 2,926 points last week. After a week of losing, the index settled at 76,742 points.

On the other hand, The Sri Lankan stock market index adds, and the Colombo Stock Exchange index ‘ASPI’ increased by 208 points in a week. After a week the index settled at 12,314 points.

Bhutan’s stock market index ‘BSI’ added 68 points hence the index stood at 1,515 points throughout the whole week. Nepal’s ‘NEPSE’ gain 35 points, therefore the index stands at 2,112 points.

Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ dropped by 119.51 points or 2.28 percent, in the outgoing week. At the end of the week, the index stands at 5,117 points.

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