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DSE Appoints Richard D’ Rozario as Director

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Richard D' Rozario

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.

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U.S. Stock Indices in the Green on the Previous Week

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U.S. Stock

Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent hike of 46 points, reaching a closing value of 18,398 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, gaining 48 point to settle at 5,615 points. Meanwhile, DJIA Index experienced a notable hike, adding 625 points during the week and concluding at 40,000 points after a week of gaining.

In contrast, Russell 3000 Index saw a gain in week performance, with a slight hike of 39 points to reach 3,189 points by the end of the week.

Moving to Russell 2000 Index, demonstrated a notable hike of 122 points, ending the week at 2,148 points.

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European Stock Weekly Review Highlights Positive Trend

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In the Outgoing week, the European stock market displayed a gaining 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 gain of 7.48 points to close at 524.08.

The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant hike, adding 49 points or finishing the session at 8,252.

In Germany, the DAX 30 index, added by 273 points to reach 18,748, while France’s CAC 159 increased by 49 points to stop at 7,724 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 593 points to 34,580. However, Spain’s IBEX 35, added by 227 points, to close at 11,023.

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South Asian Stock Reports A Mixed Results in Past 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 523 points during the week. At the end of the week, the index stood at 80,519 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange gained by 179 points last week. At the end of the week, the index stood at 24,502 points.

Pakistan Stock Exchange Index ‘KSE 100’, added points last week. After a week of losing, the index settled at 80,030 points.

On the other hand, The Sri Lankan stock market index adds, and the Colombo Stock Exchange index ‘ASPI’ decreased by 104 points in a week. After a week the index settled at 11,843 points.

Bhutan’s stock market index ‘BSI’ lost 5 points hence the index stood at 1,515 points throughout the whole week. Nepal’s ‘NEPSE’ added 85 points, therefore the index stands at 2,204 points.

Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ gained by 142.15 points or 2.65 percent, in the outgoing week. At the end of the week, the index stands at 5,497 points.

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