Connect with us

Stocks

BSEC Undergoes Major Restructuring

Published

on

BSEC

The Bangladesh Securities and Exchange Commission (BSEC) has undergone significant restructuring, bringing about substantial changes in the responsibilities of officials from commissioners to assistant directors. According to BSEC sources, this restructuring involves the reassignment of two commissioners, four executive directors, eight directors, two additional directors, and eight assistant directors to different departments.

As per BSEC, Professor Dr. Sheikh Shamsuddin Ahmed, the Commissioner has been assigned the responsibility of the Division of Issuer Companies Affairs, Corporate Finance, and Financial Literacy Division within the Market and Intermediaries Affairs Division. On the other hand, the Chief Accountant Division’s responsibility has been given to another BSEC Commissioner, M. Abdul Halim.

Additionally, Abdul Halim has been entrusted with the Market Intelligence and Investigation Division and Derivatives Division. Meanwhile, he will also oversee the duties of the Chief Accountant Division. BSEC Chairman Professor Shibli Rubayat-Ul-Islam will directly oversee the Administration and Finance Division and the Commission’s Secretariat Division.

Mohammad Anwarul Islam, the Executive Director of BSEC, has been assigned the responsibilities of the Derivatives and Research and Development Divisions. Simultaneously, he will be responsible for the Investment Management Division. Executive Director Mohammad Rezaul Karim will oversee the responsibilities of the Compliance Division in addition to his existing role in the Legal Division. Executive Director Mohammad Shafiul Azam has been assigned to the Financial Literacy Division. Executive Director Mohammad Jahangir Alam has been given charge of the Market and Intermediaries Affairs Division. Besides, the responsibilities of eight directors, two additional directors and eight assistant directors of BSEC have been redistributed.

BSEC Secretary Division’s responsibilities have been assigned to Director General Muhammad Mahmudul Haque. Director General Pradip Kumar Basak will continue to oversee the responsibilities of the Administration and Finance Division, with additional duties in the Accounts and Finance Department. Director General Mohammad Abul Kalam will manage the responsibilities of the Division of Issuer Companies Affairs, alongside his role as the Chief Accountant of the Division. Director General Md. Mansoor Rahman has been assigned the responsibility of the existing Issuer Company Affairs Division as well as the Market and Intermediaries Affairs Division. Director Mohammad Abul Hasan has been given the responsibility of the Investment Management Division and Derivatives Division.

The Division of Derivatives and the Derivatives Division will be led by Director General Sheikh Mahbubur Rahman. Furthermore, Director General Abu Rayhan Mohammad Mutasim will be in charge of the Internal Audit and Compliance Division, in addition to his role in the Research and Development Division. Director General Mohammad Fakhrul Islam Mojumdar will assume responsibilities for the Corporate Finance Division and the Enforcement Division. Lastly, Director General Mohammad Fakhrul Islam Majumder will head the Corporate Finance Division and the Enforcement Division.

Share this

Stocks

Weekly US Stock Market Report Shows Diverse Performance

Published

on

us stock

On Thursday, a rally contributed to the recovery of U.S. stock indexes following a mostly negative performance the previous week. The NASDAQ’s increase of over 1% brought it within four-tenths of a percentage point below its record closing high established on November 19, 2021. Both the S&P 500 and the Dow extended their record highs set 11 days earlier.

The substantial daily gains on Thursday were driven by a stronger-than-expected earnings report from a major semiconductor company. The NASDAQ experienced its most significant surge in 12 months, rising nearly 3.0%, while the S&P 500 recorded its largest increase in 13 months at 2.1%.

Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent gain of 278 points, reaching a closing value of 16,274 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, adding 49 points to settle at 5,088 points. Meanwhile, DJIA Index experienced a notable hike, losing 44 points during the week and concluding at 39,087 points after a week of gain.

In contrast, Russell 3000 Index saw a hike in week performance, with a slight gain of 31 points to reach 2,944 points by the end of the week.

Moving to Russell 2000 Index, demonstrated a notable hike of 60 points, ending the week at 2,076 points.

Share this
Continue Reading

Stocks

Weekly European Stocks Shows Mixed Result

Published

on

European Stock Market

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 0.33 points to close at 497.58.

The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant drop, lost 24 points or finishing the session at 7,682.

In Germany, the DAX 30 index, added by 316 points to reach 17,735, while France’s CAC 40 decreased by 32 points to stop at 7,934 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 234 points to 32,934. However, Spain’s IBEX 35, lost by 66 points, to close at 10,064.

Share this
Continue Reading

Stocks

South Asian Stock reports varied performance on the Outgoing Week

Published

on

south asian stock

A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has added 718 points during the week. At the end of the week, the index stood at 73,860 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange gained by 183 points last week. At the end of the week, the index stood at 22,395 points.

Pakistan Stock Exchange Index ‘KSE 100’, added 2,560 points last week. After a week of gaining, the index settled at 65,486 points.

On the other hand, The Sri Lankan stock market index hiked, and the Colombo Stock Exchange index ‘ASPI’ increased by 36 points in a week. After a week the index settled at 10,691 points.

Bhutan’s stock market index ‘BSI’ dropped 26 points hence the index stood at 1,430 points throughout the whole week. Nepal’s ‘NEPSE’ lost 33 points, therefore the index stands at 1,932 points.

Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ lost by 19.42 points or 0.31 percent, in the outgoing week. At the end of the week, the index stands at 6,254 points

Share this
Continue Reading