Richard D’ Rozario, the Managing Director of Global Securities Limited and President of Brokers Association of Bangladesh (DBA), has been elected as the Director at the DSE’s Board of Directors without facing any opposition. This decision was revealed in an official announcement sent out by the DSE on Monday, November 27.
Earlier, on October 4, the High Court Division of the Supreme Court of Bangladesh appointed retired Justice M. Abdus Samad as the Chairman of the DSE’s governing council for the election management of a vacant position. The Election Commission, formed for this purpose, included DSE shareholder representatives Azizur Rahman and Muhammad A. Hafiz as the other two members.
শূন্যপদে নির্বাচন পরিচালনার জন্য গঠিত নির্বাচন কমিশন গত ৭ নভেম্বর তফসিল ঘোষণা করে। তফসিল অনুযায়ী, গতকাল (২৬ নভেম্বর) ছিল মনোনয়নপত্র জমা দেয়ার শেষ তারিখ। আলোচ্য সময়ের মধ্যে মাত্র একজন প্রার্থী মনোনয়নপত্র দাখিল করেন। তাতে মনোনয়নপত্র দাখিল করা ডিবিএর প্রেসিডেন্ট রিচার্ড ডি’ রোজারিও বিনা প্রতিদ্বন্দ্বিতায় নির্বাচিত হলেন।
প্রসঙ্গত, ডিএসইর পরিচালনা পর্ষদের শূন্য পদে নির্বাচন আগামী ১৯ ডিসেম্বর অনুষ্ঠিত হওয়ার কথা ছিল।
The Election Commission declared the details for the election management of the vacant position on November 7. The deadline for submitting nomination papers was yesterday, November 26, and only one candidate submitted their nomination within the stipulated timeframe. Consequently, Richard D’ Rozario, without any opposition, secured the position.
In related news, the election for the vacant position in the DSE’s governing council is scheduled to take place on December 19.
Weekly U.S. Stock Market Report Shows Diverse Performance
The S&P 500 experienced a marginal decrease, breaking a streak of five consecutive weeks of gains that had propelled the index to an all-time high. Despite this minor setback, the S&P 500 still maintained a nearly 22% increase from its recent low in late October. The Dow concluded the week with little change, while the NASDAQ recorded a decline of over 1%.
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent gain of 221 points, reaching a closing value of 15,996 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, losing 83 points to settle at 5,088 points. Meanwhile, DJIA Index experienced a notable hike, adding 504 points during the week and concluding at 39,131 points after a week of gain.
In contrast, Russell 3000 Index saw a hike in week performance, with a slight gain of 41 points to reach 2,913 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable drop of 16 points, ending the week at 2,016 points.
Weekly European Stocks Shows Mixed Result
In the Outgoing week, the European stock market displayed a varied 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 slight hike of 5.66 points to close at 497.25.
The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant drop, lost 5 points or finishing the session at 7,706.
In Germany, the DAX 30 index, added by 302 points to reach 17,419, while France’s CAC 40 increased by 198 points to stop at 7,966 at the end of the trading day.
Italy’s FTSE MIB, which covers the top 40 stocks traded on the Milan Stock Exchange, increased by 968 points to 32,700. However, Spain’s IBEX 35, added by 244 points, to close at 10,130.
South Asian Stock Surges on the Past Week
A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has added 716 points during the week. At the end of the week, the index stood at 73,142 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange gained by 172 points last week. At the end of the week, the index stood at 22,212 points.
Pakistan Stock Exchange Index ‘KSE 100’, added 3,126 points last week. After a week of gaining, the index settled at 62,926 points.
On the other hand, The Sri Lankan stock market index hiked, and the Colombo Stock Exchange index ‘ASPI’ increased by 69 points in a week. After a week the index settled at 10,655 points.
Bhutan’s stock market index ‘BSI’ added 28 points hence the index stood at 1,456 points throughout the whole week. Nepal’s ‘NEPSE’ lost 57 points, therefore the index stands at 2,005 points.
Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ lost by 62.30 points or 0.98 percent, in the outgoing week. At the end of the week, the index stands at 6,273 points.
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