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BSEC Spurs Capital Market Growth with 141 IPO Approvals Since 2009

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The Bangladesh Securities and Exchange Commission (BSEC), a pivotal regulator of the country’s capital market, has played a crucial role in facilitating the issuance of Initial Public Offerings (IPOs) by 141 companies from 2009 to 2023. Additionally, the commission greenlit 83 right offer proposals and two repeat public offers by various entities.

According to BSEC Chairman Professor Shibli Rubayet-UL-Islam, the regulatory body has been steadfast in its commitment to fortify the capital market, aligning with the visionary policy and dynamic instructions of Prime Minister Sheikh Hasina. The focus has been on cultivating a robust and stable market, demonstrating resilience even amid global challenges like the Covid-19 pandemic and the Russia-Ukraine war.

Over the past 15 years, BSEC has implemented numerous reforms, amended acts and rules, and organized investment summits internationally. The commission approved 13 Qualified Investor offer proposals and 1951 capital-raising proposals, and facilitated the creation of over 100 mutual funds, alternative investment funds, and Exchange Traded Funds (ETFs).

In a significant move, a new draft Act, combining the Securities and Exchange Ordinance, 1969, and the Bangladesh Securities and Exchange Commission Act, 1993, is under review. This marks a strategic effort to streamline regulations and enhance the governance of the stock exchanges, brokers, and listed issuer companies.

For the robust development of the bond market, a new Debt Securities Rules, 2021 has been introduced. Additionally, the creation of a Capital Market Stabilization Fund (CMSF) underscores the commitment to safeguarding the interests of investors.

BSEC Commissioner Dr Rumana Islam emphasized the commission’s strides in digitizing the capital market, recognizing the significance of technology in ensuring investor resilience. Initiatives include allowing stock exchange brokers to establish their own Order Management Systems (OMS), setting up data centers, and implementing a social media monitoring cell to counteract market rumors.

Furthermore, BSEC has undertaken digital transformation measures such as launching an online Report Submission Platform and introducing a Customer Complaint Address Module. The implementation of an online IPO application submission system and the creation of an online database for Independent Directors are also underway.

The bond defaulter monitoring system is in the developmental phase, showcasing BSEC’s commitment to continuous improvement and innovation in the capital market.

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Dhaka Bourse Performed Mixed

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dse bourse indices turnover dhak stock exchange stock market

Dhaka Stock Market DSE, Bourse on the third working day of the week, 16th July, ended with a mixedperformance in Indices and drop in Turnover from the previous working session. This information is known from DSE sources.

662 crore 24 lakh taka shares were traded on this day. 39 crore 98 lakh more tradings were done in DSE today compared to the previous workday, July 15th, Shares worth Tk 662 crores 24 lakh shares were traded last time, Monday.

The benchmark DSEX decreased 1.82 points or 5,484 The Shariah-based index DSES dropped 1.56 points or 1,201 and the blue-chip index DS30 gained by 17.08 points or 1,961.

Of the issues traded, 121 advanced, 221 declined and 55 remained unchanged.

NRB Bank Limited ranked top gainer on DSE, the share price increased by Tk 1.10 paisa or 10.00 percent. On this day, the share was last traded at Tk 12.10 paisa.

Prime Textiles Mills Limited ranked top loser on the DSE, the share price dropped by Tk 0.50 paisa or 3.00 percent. On this day, the share was last traded at Tk 16.20 paisa.

DSE topped on trade is Reckitt Benckiser Limited 23 crore 33 lakh takas of company shares have been traded.

A total of 42 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 89 lakh 50 thousand 218 shares of the companies were traded. The financial value of which is 50 crore 62 lakh taka

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Sena Kalyan Insurance releases Q2 FInancials

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Sena Kalyan Insurance

One of the listed companies, Sena Kalyan Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).

The company’s earnings per share (EPS) Tk 1.14 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 2.06 for January-June 2024 as against Tk. 1.32 for January-June 2023. EPS  was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 22.83 as of June 30, 2024.

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Dhaka Bourse on Green Despite Sluggish Indices

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dse dhaka bourse index turnover

Dhaka Stock Market DSE, Bourse on the second working day of the week, 15th July, ended with a gaining performance in Indices and Turnover from the previous working session. This information is known from DSE sources.

662 crore 24 lakh taka shares were traded on this day. 39 crore 98 lakh more tradings were done in DSE today compared to the previous workday, July 12th, Shares worth Tk 622 crores 25 lakh shares were traded last time, Sunday.

The benchmark DSEX increased 2.17 points or 5,484 The Shariah-based index DSES added 0.72 points or 1,203 and the blue-chip index DS30 gained by 7.17 points or 1,937.

Of the issues traded, 140 advanced, 191 declined and 66 remained unchanged.

Information Services Netowrk Limited ranked top gainer on DSE, the share price increased by Tk 4.50 paisa or 9.93 percent. On this day, the share was last traded at Tk 49.80 paisa.

Linde Bangladsh Limited ranked top loser on the DSE, the share price dropped by Tk 33.40 paisa or 3.00 percent. On this day, the share was last traded at Tk 1,080.10 paisa.

DSE topped on trade is Orion Infusion Limited 57 crore 23 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 1 crore 53 lakh 88 thousand 588 shares of the companies were traded. The financial value of which is 51 crore 12 lakh taka

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