Stocks
Sonali Life CEO Urges BSEC Action Amid Allegations Against Board Members
![Sonali Life Insurance](https://en.orthosongbad.com/wp-content/uploads/2023/07/New-Project-51.webp)
Mir Rashed Bin Aman, CEO of Sonali Life Insurance, has urged the Bangladesh Securities and Exchange Commission (BSEC) to suspend the activities of the current board, citing allegations against its members.
Aman’s letter, dated January 8, raised concerns about the influence of Mostafa Golam Quddus and his family on the board, accusing them of irregularities and corruption, including embezzlement of life insurance funds. The insurance regulator has appointed a special auditor to investigate the allegations. Aman claims the current board has impeded his access to the company’s office and altered online operation passwords. The CEO believes his removal was linked to interference with the regulator-appointed auditor. Sonali Life Director Sheikh Mohammad Danial stated ongoing internal investigations against Aman, refuting claims of his termination.
Regulator Appoints Auditor to Investigate Sonali Life Insurance
The Insurance Development and Regulatory Authority (Idra) has directed Hoda Vasi Chowdhury and Co, a chartered accountant firm, to conduct a special audit at Sonali Life Insurance following allegations of fund embezzlement by the company’s owners. The Idra letter on December 31 instructs the CA firm to complete the audit within 30 working days. The audit will verify share acquisition, alleged family authority on the board, a payment of Tk3 crore to Janata Bank in 2023, the purchase of a building at Tk350 crore, and withdrawals of Tk61 crore between 2021 and 2023. It will also scrutinize dividends, expenses for medical and overseas education, and other financial transactions involving the company chairman and family member directors.
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Stocks
Bullish Market Skyrockets
![dse bourse indices turnover](https://en.orthosongbad.com/wp-content/uploads/2024/03/dfgdgdg.jpg)
Dhaka Stock Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
Stocks
Eastland Insurance releases Q2 Financials
![Eastland Insurance r](https://en.orthosongbad.com/wp-content/uploads/2023/04/New-Project-22.webp)
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
Stocks
Shahjalal Islami Bank reveals unchanged Q2 Financials
![](https://en.orthosongbad.com/wp-content/uploads/2024/05/Shahjalal-Islami-Bank.jpg)
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.