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BSEC Chief Urges Bangladesh Bank’s Active Role in Strengthening Stock Market Dynamics

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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.

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DSEX Fell 178 points in 4 Working Days amidst Shallow Turnover

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Dhaka Stock Exchange DSE, Bourse on the last working day of the week, April 18th, ended with a drop in Indices and hike in Turnover from the previous working session. This information is known from DSE sources.

522 crore 51 lakh taka shares were traded on this day. 39 crore 97 lakh more tradings were done in DSE today compared to the previous workday, 17th April , Shares worth Tk 482 crores 53 lakh shares were traded last time, Wednesday.

The benchmark DSEX lost 77.08 points or 5,686 The Shariah-based index DSES dropped 15.85 points or 1,246, and the blue-chip index DS30 decreased by 22.77 points or 1,984.

Of the issues traded, 29 advanced, 342 declined and 24 remained unchanged.

Asiatic laboratories Limited ranked top gainer on DSE, the share price increased by Tk 4.60 paisa or 9.96 percent. On this day, the share was last traded at Tk 50.80 paisa.

Far East Finance & Investment Limited ranked top loser on the DSE, the share price dropped by Tk 0.30 paisa or 6.97 percent. On this day, the share was last traded at Tk 4.00 paisa.

DSE topped on trade is Asiatic Laboratories Limited 39 crore 22 lakh takas of company shares have been traded.

A total of 40 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 47 lakh 25 thousand 651 shares of the companies were traded. The financial value of which is 17 crore 46 lakh taka

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Agni Systems releases Q3 Financials

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One of the listed companies, Agni Systems limited discloses its financial reports for the third quarter, (January – March 24).

The company’s earnings per share (EPS) was Tk 0.32 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 0.27 paisa during the same period last year. NAV per share was Tk. 16.37 as of March 31, 2024.

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Dutch Bangla Bank Declares 35% Dividends

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One of the Listed companies, Dutch Bangla Bank PLC has recommended 17.5% Cash Dividends & 17.5% Stock Dividends for the year ended December 31, 2023.

In terms of financial performance, The Company has further informed Consolidated EPS of Tk. 10.72 for the year ended December 31, 2023. The Company has also reported Consolidated NAV per share of Tk. 64.41 for the year ended December 31, 2023.

The Annual General Meeting (AGM) of the company will be taking place on June 09, through the digital platform. The record date for this has been fixed at May 9.

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