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Bullish Trend on DSE as Index, Turnover Surge after lifting Floor Price, Reversing Sunday’s Market Sentiment

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Dhaka Stock Exchange DSE, Bourse on the second working day of the week, January 22, ended with price Index & turnover hikes. This information is known from DSE sources.

The regulator Bangladesh Securities and Exchange Commission (BSEC) removed the floor price from all but 35 scrips on Sunday morning after nearly 18 months. The index and Turnover started to hike from the early morning session, Yesterday the primary index DSEX lost 96 points. However, the benchmark DSEX added 110 points.

After lifting the floor price, turnover achieved a significant gain. Consequently, after 127 working days, turnover records trading of more than Tk 1,040 crore shares.

From the DSE Source:

1 thousand 42 crore 22 lakh taka shares were traded on this day. 453 crore 35 more tradings were done in DSE today compared to the previous workday, 21 January, Shares worth Tk 588 crores 87 lakh shares were traded last time, Sunday.

The benchmark DSEX added 14.05 points or 6,254 The Shariah-based index DSES gained 6.58 points or 1,380, and the blue-chip index DS30 increased by 10.45 points or 2,147.

Of the issues traded, 207 advanced, 145 declined and 40 remained unchanged.

The Dacca Dyeing & Manufacturing Company Limited ranked top gainer on DSE, the share price increased by Tk 1.20 paisa or 10.00 percent. On this day, the share was last traded at Tk 13.20 paisa.

BBS Cables Limited ranked top loser on the DSE, the share price dropped by Tk 4.50 paisa or 10.00 percent. On this day, the share was last traded at Tk 40.50 paisa.

DSE topped on trade is BD Thai ALuminium Limited 32 crore 83 lakh takas of shares of the company have been traded.

A total of 56 companies’ shares were traded in the Block on the Dhaka Stock Exchange, 58 lakh 53 thousand 65 shares of the companies were traded. The financial value of which is 40 crore 77 lakh taka.

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DSE on Red, yet SME shows Diverse Performance

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Dhaka Stock Exchange DSE, Bourse on the second working day of the week, March 3rd, ended with price Index massive drops & turnover dips. This information is known from DSE sources.

On the other DSE Small-Medium Sized Enterprises SME Market reports gaining performance, The trading in the SME market closed at 44 crore 95 lakh taka, where yesterday the trading was 23 crore 53 lakh taka, which means 21 crore 42 lakh taka more were done today compared to the previous day trading.

The Index DSMEX stood at 1544 points after adding 61.63 points or 4.15 percent. Furthermore, the total listed companies in SME Market are 18, where 16 companies issued advanced and 2 declined.

793 crore 67 lakh taka shares were traded on this day. 187 crore 87 lahks less tradings were done in DSE today compared to the previous workday, 3 March, Shares worth Tk 981 crores 55 lakh shares were traded last time, Sunday.

The benchmark DSEX lost 39.94 points or 6,175 The Shariah-based index DSES lost 5.25 points or 1,344, and the blue-chip index DS30 decreased by 5.42 points or 2,108.

Of the issues traded, 115 advanced, 214 declined and 67 remained unchanged.

GQ Ballpen Industries Limited ranked top gainer on DSE, the share price increased by Tk 11.30 paisa or 9.98 percent. On this day, the share was last traded at Tk 124.50 paisa.

Fareast Islami Life Insurance Company Limited ranked top loser on the DSE, the share price dropped by Tk 5.90 paisa or 10.00 percent. On this day, the share was last traded at Tk 53.10 paisa. Additionally Prime Textile Spinning Mills Limited also ranked top loser on the DSE, the share price dropped by Tk 2.60 paisa or 10.00 percent. On this day the share was last traded at Tk 23.40.

DSE topped on trade is Central Pharmaceuticals Limited 56 crore 46 lakh takas of shares of the company have been traded.

A total of 74 companies’ shares were traded in the Block on the Dhaka Stock Exchange, 93 lakh 92 thousand 13 shares of the companies were traded. The financial value of which is 46 crore 38 lakh taka.

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Beximco Taps Iqbal Ahmed as New Managing Director

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Beximco Pharmaceuticals has announced the appointment of Iqbal Ahmed, a current director, as the new managing director for a five-year term.

hmed, who has been serving on the board since 1985, will assume the role pending approval from shareholders at the upcoming annual general meeting. The move follows the resignation of the company’s former managing director, Nazmul Hasan, who stepped down from the position after assuming a ministerial role in the government.

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6 More Companies to Enter ‘Z’ Categories Starting Tomorrow

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Starting tomorrow, Monday (March 4), shares of six companies will be transferred to the ‘Z’ category on the Dhaka Stock Exchange, as directed by the Bangladesh Securities and Exchange Commission (BSEC).

The decision stems from various factors, including the failure to host the annual general meeting, production shutdown for over six months, and many other reasons.

However DSE mentioned two companies from the textile sector, two from the pharmaceutical and chemical sector, one from the financial sector, and one from the insurance sector. The affected companies are Prime Textile, Prime Finance, New Line Clothings, Far East Islamic Life Insurance, AFC Agro Biotech, and Active Fine Chemicals Limited. The ‘Z’ category is typically assigned for companies facing financial troubles or regulatory issues, signaling caution for investors.

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