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DSE Extends Congratulations to PM Sheikh Hasina

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Celebrations and congratulations poured in at the Dhaka Stock Exchange as the Prime Minister of the country was elected for the fourth consecutive term, securing an overwhelming majority in the twelfth national parliamentary elections.

Sheikh Hasina, the esteemed daughter of the founding father of the nation, Bangabandhu Sheikh Mujibur Rahman, received heartfelt accolades from Dr. Hafiz Muhammad Hasan Babu, the Chairman of the Dhaka Stock Exchange. In his congratulatory message, Dr Babu praised Sheikh Hasina for her leadership, noting her extraordinary contributions to social welfare, peace, and stability.

Expressing admiration for Sheikh Hasina’s record of triumph over adversity, Dr Hasan Babu emphasized her victory in securing a fifth term as Prime Minister, creating an unparalleled history of sustained female leadership in modern democratic governance. He highlighted Sheikh Hasina’s exceptional leadership qualities, which include resilience, wisdom, skill, and foresight.

Acknowledging her substantial contributions to social development and stability, Dr. Hasan Babu mentioned the global recognition Sheikh Hasina has received from various organizations for her outstanding contributions to social work, peace-building, and sustainable development.

The Chairman further remarked that Sheikh Hasina, in her previous terms, successfully led the country through challenges such as natural disasters, political upheavals, and conspiracies. He acknowledged her visionary leadership in transforming Bangladesh into a prosperous and developed nation. Dr. Hasan Babu concluded his congratulatory message by expressing confidence in Sheikh Hasina’s ability to lead the nation toward progress, prosperity, and a sustainable future.

In a separate statement, Dr Hasan Babu underscored Sheikh Hasina’s commitment to creating a developed and prosperous Bangladesh. He emphasized the importance of the Dhaka Stock Exchange’s role in contributing to the building of a smart and economically vibrant Bangladesh. Dr. Babu highlighted the exchange’s potential to play a significant role in the development of a smart economy, aligning with Sheikh Hasina’s vision for a technologically advanced and prosperous Bangladesh.

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U.S. Stock Indices in the Green on the Previous Week

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Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent hike of 46 points, reaching a closing value of 18,398 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, gaining 48 point to settle at 5,615 points. Meanwhile, DJIA Index experienced a notable hike, adding 625 points during the week and concluding at 40,000 points after a week of gaining.

In contrast, Russell 3000 Index saw a gain in week performance, with a slight hike of 39 points to reach 3,189 points by the end of the week.

Moving to Russell 2000 Index, demonstrated a notable hike of 122 points, ending the week at 2,148 points.

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European Stock Weekly Review Highlights Positive Trend

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In the Outgoing week, the European stock market displayed a gaining 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 gain of 7.48 points to close at 524.08.

The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant hike, adding 49 points or finishing the session at 8,252.

In Germany, the DAX 30 index, added by 273 points to reach 18,748, while France’s CAC 159 increased by 49 points to stop at 7,724 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 593 points to 34,580. However, Spain’s IBEX 35, added by 227 points, to close at 11,023.

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South Asian Stock Reports A Mixed Results in Past Week

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A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has added 523 points during the week. At the end of the week, the index stood at 80,519 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange gained by 179 points last week. At the end of the week, the index stood at 24,502 points.

Pakistan Stock Exchange Index ‘KSE 100’, added points last week. After a week of losing, the index settled at 80,030 points.

On the other hand, The Sri Lankan stock market index adds, and the Colombo Stock Exchange index ‘ASPI’ decreased by 104 points in a week. After a week the index settled at 11,843 points.

Bhutan’s stock market index ‘BSI’ lost 5 points hence the index stood at 1,515 points throughout the whole week. Nepal’s ‘NEPSE’ added 85 points, therefore the index stands at 2,204 points.

Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ gained by 142.15 points or 2.65 percent, in the outgoing week. At the end of the week, the index stands at 5,497 points.

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