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PHP Stocks and Securities Akther Parvez achieves Director role at CSE

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Mohammed Akther Parvez Chowdhury, the managing director of PHP Stocks and Securities Ltd, has been elected as a director of the Chittagong Stock Exchange (CSE).

Akther Parvez secured the highest number of votes, with 83, in the election held on Thursday for two director positions. Major (Retd.) Emdadul Islam, the Director of BK Capital Management Ltd, received 50 votes, securing the other newly elected director position.

Six candidates contested in the election, with voting taking place from 10 am to 3 pm in the CSE’s hall room on Thursday. AKM Mohsenuddin Ahmed Chowdhury, the Chairman of the Election Management Committee, announced the results at 4 pm.

Among the other four candidates, Md Siddiqur Rahman received 46 votes, Mohammad Mohiuddin (FCA) garnered 17 votes, Md Osman Goni secured 13 votes, and Nur Mohammad obtained 11 votes.

Born in 1983 in Chattogram, Akther Parvez is the youngest son of Ekushey Padak winner Sufi Mohammed Mizanur Rahman, the chairman of the renowned industrial group PHP Family. After completing his education abroad, he returned to join the family business.

Akther Parvez, who is also a director of various organizations and chairman of the cricket committee of the Bangladesh Freedom Fighters Sports Club, attended the CSE’s 28th annual general meeting after the election ceremony. The meeting, presided over by CSE Chairman Asif Ibrahim, was attended by other CSE directors and management.

During the annual general meeting, shareholders approved a 5% cash dividend for the fiscal year 2022-2023.

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Bullish Market Skyrockets

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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

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Eastland Insurance releases Q2 Financials

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Eastland Insurance r

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.

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Shahjalal Islami Bank reveals unchanged Q2 Financials

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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.

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