Stocks
BSEC Chairman’s Mother Passes Away
Chairman of the Bangladesh Securities and Exchange Commission (BSEC), Professor Shibli Rubayat-Ul-Islam, has announced the passing of his mother, Hasina Mamtaz who was a renowned music artist in the country, succumbed to a heart attack on Sunday evening. 18th February. The BSEC chairman’s family confirmed the news, bringing clarity to the matter of her demise. The family revealed that Hasina Mamtaz took her last breath as the clock struck 6 PM due to cardiac arrest. She was 79 years old at the time of her passing. Funeral rites for the late Hasina Mamtaz are scheduled to take place on Monday (February 19) at the Dhanmondi Eidgah field in Dhaka.
Hasina Mamtaz, widely known as a prominent figure in the music industry during the 60s and 70s, made significant contributions to the field of vocal arts. She was honored with the National Award for her exceptional achievements in music. The mourning family is set to observe the final rituals and pay their respects at the Eidgah field in Dhanmondi on the following day.
The late Hasina Mamtaz was not only recognized for her musical prowess but also for her role as the spouse of Rafiqul Islam Khan, the former Managing Director of National Bank Limited. Her departure marks the end of an era in the music community, leaving behind a legacy that enriched Bangladesh’s cultural heritage.
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.
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.
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.
