Stocks
Paper Processing Gains BSEC Approval for Significant Paid-Up Capital Surge
![Paper Processing](https://en.orthosongbad.com/wp-content/uploads/2022/11/New-Project-2022-11-15T102610.055.jpg)
In a significant development, Paper Processing & Packaging Limited has obtained approval from the Bangladesh Securities and Exchange Commission (BSEC) for augmenting its paid-up capital through amalgamation, as detailed in their letter no. BSEC/CFD/CRD/M&A/2023/244/31 dated Jnauary 30, 2024.
This follows a prior endorsement from the BSEC, letter no. BSEC/CI/CPLC (Public)-1090/2023/1521 dated November 28, 2023, for raising the paid-up capital through the issuance of 8% Bonus Shares on January 18, 2024.
The company’s paid-up capital, initially at Tk. 10 crore 44 lakh 96 thousand in December 2023, saw an increase to Tk. 11 crore 28 lakh 55 thousand 680 post the approval and crediting of bonus shares on January 18, 2024. Further amplifying this growth, Paper Processing is set to issue 1 lakh 83 thousand 17 thousand 810 Ordinary Shares through merger, propelling the paid-up capital to a substantial Tk. 29 crore 60 lakh 33 thousand 780.
Sequence of Paid-Up Capital Increase:
December 2023: Paid-up capital – Tk. 10 crore 44 lakh 96 thousand.
January 18, 2024: Bonus shares issued – Tk. 83 lakh 59 thousand 680.
Post 18.01.2024: Paid-up capital – Tk. 11 crore 28 lakh 55 thousand 680.
Through Merger: Paid-up capital to be raised – Tk. 18 crore 31 lakh 78 thousand 100.
Post Merger: Paid-up capital – Tk. 29 crore 60 lakh 33 thousand 780.
Sequence of Paid-Up Shares Increase:
December 2023: Paid-up shares – 1 crore 04 lakh 49 thousand 600.
18.01.2024: Bonus shares added – 8 lakh 35 thousand 968.
Post 18.01.2024: Paid-up shares – 1 crore 12 lakh 85 thousand 568.
Through Merger: Paid-up shares to be raised – 1 crore 83 lakh 17 thousand 810.
Post Merger: Paid-up shares – 2 crore 96 lakh 03 thousand 378.
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Stocks
Weekly U.S. Stock Market Reports Diverse Performance
![U.S. Stock](https://en.orthosongbad.com/wp-content/uploads/2024/03/7xm.xyz120015.jpg)
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent loss of 1,023 points, reaching a closing value of 16,690 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, losing 240 points to settle at 5,408 points. Meanwhile, DJIA Index experienced a notable hike, adding 1,218 points during the week and concluding at 40,345 points after a week of gaining.
In contrast, Russell 3000 Index saw a loss in week performance, with a slight drop of 141 point to reach 3,077 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable lost of 126 points, ending the week at 2,091 points.
Stocks
European Stock Weekly Review Highlights Mixed Trend
![stock European](https://en.orthosongbad.com/wp-content/uploads/2023/04/fsdfsdf.webp)
In the Outgoing week, the European stock market displayed a mixed 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 loss of 18.49 points to close at 506.56.
The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant drop, losing 195 points or finishing the session at 8,181.
In Germany, the DAX 30 index, added by 605 points to reach 18,301, while France’s CAC 40 decreased by 278 points to stop at 7,352 at the end of the trading day.
Italy’s FTSE MIB, which covers the top 40 stocks traded on the Milan Stock Exchange, decreased by 1,081 points to 33,291. However, Spain’s IBEX 35, lost by 228 points, to close at 11,173.
Stocks
Weekly South Asian Stock reports Varied Performance
![south asian stock](https://en.orthosongbad.com/wp-content/uploads/2023/06/New-Project-4.jpg)
A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has lost 1,182 points during the week. At the end of the week, the index stood at 82,365 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange dropped by 383 points last week. At the end of the week, the index stood at 24,852 points.
Pakistan Stock Exchange Index ‘KSE 100’, added 459 points last week. After a week of losing, the index settled at 79,002 points.
On the other hand, The Sri Lankan stock market index loss, and the Colombo Stock Exchange index ‘ASPI’ decreased by 94 points in a week. After a week the index settled at 10,775 points.
Bhutan’s stock market index ‘BSI’ dropped by 9 points hence the index stood at 1,500 points throughout the whole week. Nepal’s ‘NEPSE’ lost 22 points, therefore the index stands at 2,727 points.
Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ lost by 75.77 points or 1.31 percent, in the outgoing week. At the end of the week, the index stands at 5,728 points.