Stocks
Brokerage House including BSEC, Listed Companies Host Meeting with South African Delegation
Following a successful road show in South Africa, the inaugural business delegation from the nation has arrived in Bangladesh. The South African businessmen convened this meeting to fortify investment and trade ties with Bangladesh. Notably, discussions were held with representatives from the Bangladesh Securities and Exchange Commission, as well as various companies involved in the capital market and brokerage houses of the stock market.
During these engagements, representatives from the participating companies shared valuable insights on the investment potential and opportunities in Bangladesh. On Tuesday, March 12, the South African business delegation initiated their visit with a joint meeting organized by the Bangladesh Securities and Exchange Commission (BSEC) and the Bangladesh Investment Development Authority (BIDA) at the BSEC Multipurpose Hall. Subsequent meetings took place at a prestigious five-star hotel in the capital, further solidifying the collaboration between the two countries.
According to sources, Nokuthula Ndlovu, the President of the Indian Ocean Rim Association’s Business Forum (IORA-BF), led a delegation of South African business representatives at a meeting. The event saw the participation of prominent figures, including Salman F Rahman, the Private Sector Industry and Investment Advisor to the Prime Minister, Professor Shibli Rubayat Ul Islam, Chairman of the Bangladesh Securities and Exchange Commission (BSEC), Commissioners Sheikh Samsuddin Ahmed, Abdul Halim, Dr. Mizanur Rahman, and Dr. Rumana Haque. The meeting, attended by representatives from various Bangladeshi business groups, also included officials from BEZA, BEPZA, Bangladesh High-Tech Park Authority, the Ministry of Commerce, and the Ministry of Foreign Affairs.
According to sources, the meeting witnessed the participation of representatives from prominent companies associated with the CApital Market. Among them were BD Thai Aluminum, Gemini Sea Food, Walton Group, Nahi Aluminum Composite Panel, BBS Cables, Pran Agro, ACI Agro, Square Food and Beverage, Meghna Group, and the directors of Partex Cables.
Additionally, brokerage houses, including City Brokers, UCB Stock Brokers, Brac EPL Stock Brokers, and top executives from LankaBangla Securities, actively took part in the discussions. Business organizations such as FBCCI, BGMEA, BASIS, BKMEA, and representatives from BGMEA University and BUTEX also joined the event.
The participants discussed the potential and opportunities for business, trade, and investment in Bangladesh during the meeting. This reflects the keen interest of the companies in both countries in exploring the extensive possibilities for foreign business and trade expansion in Bangladesh.
Major General Mohammad Quamruzzaman (retd) has stepped down from his role as an independent director of the board of the Dhaka Stock Exchange, citing personal reasons.
He also served as a member of the DSE’s Nomination and Remuneration Committee (NRC).
Quamruzzaman was appointed to the DSE board on 1 September 2024, following the fall of the Awami League-led government. After serving for nearly one year and nine months, he submitted his resignation on Saturday (24 May).
Speaking to Quamruzzaman confirmed his resignation, saying, “Yes, I have resigned as an independent director for personal reasons.”
Md Shafiqur Rahman, Deputy General Manager of Public Relations and Publications at the DSE, said Quamruzzaman submitted a resignation letter mentioning personal reasons behind his decision.
“The DSE board will now take a decision regarding the resignation,” Shafiqur Rahman said.
He also indicated that Quamruzzaman may be planning to join another company, which could have influenced his decision to resign.
Earlier, another independent director of the DSE board, Shahnaz Sultana, also resigned from her position. She was likewise a member of the NRC.
According to the DSE annual report, Shahnaz Sultana is the CEO and Chief Consultant of FINS Alliance Risk Advisory and Consultancy and has served as the Founder and Chairperson of the WE Global Women Foundation since 2020.
The Bangladesh Securities and Exchange Commission (BSEC) has today approved appointment of Ms. Nuzhat Anwar as the new Managing Director of Dhaka Stock Exchange PLC. (DSE).
Ms. Nuzhat Anwar brings over two decades of experience in financial markets, banking, and development finance. Prior to her appointment, she worked at the International Finance Corporation (IFC), the private sector arm of the World Bank Group, where she held multiple senior leadership roles across Africa and South Asia. Her positions included Resident Representative for Liberia and Sierra Leone, Senior Country Officer for Bangladesh covering Bangladesh, Bhutan, and Nepal, and acting Cluster Manager during the COVID-19 pandemic and the subsequent transition period.
Ms. Anwar also served as an IFC Country Officer in Botswana and Namibia, where she played a key role in establishing IFC’s presence in Gaborone and advancing a sustainable investment program, including IFC’s first investment in Botswana. She offers deep expertise in capital management, treasury and liquidity, transaction services, portfolio optimization, and market advocacy. Earlier in her career, she spent 16 years with Citibank Bangladesh and Standard Chartered Bank Bangladesh in various senior management roles.
Ms. Anwar holds a Master’s degree in Commerce (Finance) from the University of Dhaka.
On her appointment as the Managing Director of DSE, the Chairman of the Board of DSE Mr. Mominul Islam said, “We are pleased to receive the approval of BSEC for appointment of Ms. Anwar as the new Managing Director. Over the last one year the NRC and Board of have worked hard to recruit a competent leader as the MD of DSE. We are confident that Ms. Anwar, with her excellent leadership trait, vast experience in the financial sector in home and abroad and deep passion for transformation in the Capital Market of the Country, is the right candidate to lead DSE in the days ahead. Now, we will complete the internal processes to onboard Ms. Anwar at soonest.”
Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
