Stocks
BSEC Chief Urges Bangladesh Bank’s Active Role in Strengthening Stock Market Dynamics
The Chairman of the Bangladesh Securities and Exchange Commission (BSEC), Professor Shibli Rubayat-ul Islam, has urged the collaboration of the Bangladesh Bank to enhance liquidity in the country’s stock market.
This proposal was made during the New Year’s exchange of greetings between the heads of the two regulatory bodies, discussing pivotal issues related to the stock market’s dynamics. The meeting focused on strategies to bolster the capital market, particularly addressing the challenges and opportunities prevalent in the current economic landscape.
In the discussions held during the auspicious occasion of the new year, the leaders delved into the intricacies of augmenting liquidity in the stock market and fostering overall economic growth. Their dialogue encompassed various facets of the financial sector, with a special emphasis on analyzing the current state of the economy durng the general election. Both entities expressed a shared commitment to ensuring the stability and progress of the financial market, outlining plans for comprehensive discussions on the economic outlook in the upcoming days.
BSEC spokesperson Mohammad Rezaul Karim provided insights into the meeting, emphasizing that the dialogue aimed at fortifying the financial market’s resilience and facilitating collaborative efforts for sustained economic development. Chairman Shibli Rubayat-ul Islam reassured stakeholders that, during the election, the stock market in Bangladesh would remain robust and continue contributing to the nation’s economic progress.
As the financial regulatory bodies embark on collaborative endeavors to address liquidity challenges, their unified vision is poised to shape the economic landscape positively. The discussions align with the shared goal of ensuring the stock market’s stability and its pivotal role in propelling Bangladesh towards sustained economic prosperity.
Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
