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.
Sluggish Week Ends Day Trading at Tk388cr
Dhaka Stock Exchange DSE, Bourse on the last working day of the week, November 30, ended with price Index & turnover hikes. This information is known from DSE sources.
388 crore 69 lakh shares were traded on this day. 85 crore 74 lakh more trading was done in DSE today compared to the previous workday, 28 November, Shares worth Tk 302 crores 95 lakh shares were traded last time, Wednesday.
The benchmark DSEX added 4.49 points or 6,223 The Shariah-based index DSES gained 1.91 points or 1,353, and the blue-chip index DS30 increased by 4.96 points or 2,108.
Of the issues traded, 69 advanced, 70 declined and 170 remained unchanged.
Samata Leather Complex Limited ranked top gainer on DSE, the share price increased by Tk 10.60 paisa or 17.52 percent. On this day, the share was last traded at Tk 71.10 paisa.
Pacific Denims Limited ranked top loser on the DSE, the share price dropped by Tk 1.10 paisa or 8.53 percent. On this day, the share was last traded at Tk 11.80 paisa.
DSE topped on trade is Khulna Printing and Packaging Limited 25 crore 60 lakh takas of shares of the company have been traded.
A total of 50 companies’ shares were traded in the Block on the Dhaka Stock Exchange, 44 lakh 197 shares of the companies were traded. The financial value of which is 22 crore 26 lakh taka.
FAS Finance Continues to Grapple with Substantial Financial Setbacks
One of the listed companies, FAS Finance & Investment Limited, discloses its financial reports for the first quarter, second quarter & third quarter. This source is known from DSE.
The company’s Consolidated earnings per share (EPS) loss of Tk 4.85 paisa in Q1 (January – March 2023) of the current financial year. Consolidated EPS loss Tk 6.66 paisa during the same period last year. Consolidated NAV per share was loss Tk 91.01 as of March 30, 2023.
The company’s Consolidated earnings per share (EPS) loss of Tk 9.30 paisa in Q2 (January – June 2023) of the current financial year. Consolidated EPS was loss of Tk 13.20 paisa during the same period last year. Consolidated NAV per share was loss of Tk. 95.42 as of June 30, 2023.
The company’s Consolidated earnings per share (EPS) loss of Tk 13.63 paisa in Q3 (January – September 2023) of the current financial year. Consolidated EPS loss of Tk 17.79 paisa during the same period last year. Consolidated NAV per share was loss of Tk 99.75 as of September 30, 2023.
Samata Leather Declares its Dividends
One of the Listed companies, Samata Leather Complex Limited has recommended 0.40% cash Dividend for each ordinary share only for General Shareholders (except Sponsors, Directors and Placement holders) for the year ended June 30, 2023.
In terms of financial performance, The Company has further informed EPS of Tk. 0.04 for the year ended June 30, 2023. The Company has also reported NAV per share of Tk. 14.34 paisa.
The Annual General Meeting (AGM) of the company will be taking place on December 31, through the digital platform. The record date for this has been fixed at December 20.
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